Innox Corporation announces an Equity Buyback for KRW 3,000 million worth of its shares.
April 12, 2018 at 03:33 am EDT
Innox Corporation (KOSDAQ:A088390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares. The purpose of the buyback is to stabilize stock price and to improve shareholders' value. The plan will be valid up to October 12, 2018. As on April 12, 2018, the company had 370,653 shares in its treasury through common stock repurchases.