Asia Pacific Satellite Inc. announces an Equity Buyback for KRW 3,000 million worth of its shares.
Asia Pacific Satellite Communications Inc. (KOSDAQ:A211270) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million of its shares pursuant to a trust contract with Hyundai Securities co., Ltd. The purpose of the share repurchase program is to stabilize the share price. The share repurchase program is valid until November 26, 2016. As of May 23, 2016, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.