Aekyung Industrial Co., Ltd. announces an Equity Buyback for KRW 6,000 million worth of its shares.
December 23, 2019 at 01:06 am EST
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Aekyung Industrial Co., Ltd. (KOSE:A018250) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the share repurchases is for share price stabilization and shareholder value. The program will expire on December 23, 2020. As of December 22, 2019, the company had no shares in treasury within scope available for dividend and had 10 shares in treasury through other repurchase.
Aekyung Industrial Co Ltd is a Korea-based company mainly engaged in the production and sale of personal products. The Company operates its business through two segments. The Household Products segment manufactures and sells shampoos, toothpastes, laundry detergents and kitchen detergents. The household goods are sold under names such as Spark, Kerasys, 2080 Toothpaste, Trio and LiQ. In addition, it is involved in the production and sale of body care products and gift sets. The Cosmetics segment is involved in the manufacture and sale of foundation and color cosmetics. The cosmetics are sold under the names Age 20's, Luna, and Point. The Company sells products in domestic markets and overseas markets such as China.
AEKYUNG INDUSTRIAL CO., LTD. 
