Brand X Co.,Ltd. announces an Equity Buyback for KRW 2,500 million worth of its shares.
July 02, 2021 at 01:14 am EDT
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Brand X Co.,Ltd. (KOSDAQ:A337930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its own shares, pursuant to a contract with DAISHIN Securities Co., Ltd. The purpose of the buyback is to increase shareholder value. The plan will be valid up to January 5, 2022. As of July 1, 2021, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other buyback.
Brand X Co Ltd is a Korea-based company engaged in manufacturing uniforms, working clothes, and similar clothes. The Company's brand names in which the parent company operates are xexymix, mix2mix, WHIA, and Marcio Diego. Xexymix and mix2mix are engaged in the manufacture and sale of professional sportswear for women. WHIA sells toothbrush sterilizers and cleaners. Marcio Diego is engaged in the manufacture and sale of men's clothing, leather goods and cosmetics.
BRAND X CO.,LTD. 
