Kumho Industrial Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
September 18, 2017 at 04:59 am EDT
Kumho Industrial Co., Ltd. (KOSE:A002990) announces a share repurchase program. Under the program, the company will repurchase up KRW 10,000 million of its shares pursuant to a trust contract with Woori Bank. The purpose of the program is to enhance the shareholder's value and stock price stabilization. The program will be valid until March 18, 2018. As on September 17, 2017, the company had no common shares in treasury within scope available for dividend and had 19,686 common shares in treasury through other repurchase capacities.