TONYMOLY Co.,Ltd. announces an Equity Buyback for 150,000 shares.
September 13, 2017 at 04:47 am EDT
TONYMOLY Co.,Ltd. (KOSE:A214420) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares for a total of KRW 2,182.50 million pursuant to a contract with Daishin Securities Co. Ltd. The purpose of the program is to improve the shareholder’s value and to stabilize the stock price. The share repurchase program is valid until December 13, 2017. As of September 12, 2017, the company had no shares in treasury within scope available for dividend and had 2,148 shares in treasury through other repurchase.