Century Synthetic Fiber Corporation announces an Equity Buyback for 5,000,000 shares.
March 16, 2020 at 11:34 pm EDT
Century Synthetic Fiber Corporation (HOSE:STK) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares. The purpose of the buyback is to protect the company and shareholder’s rights. The repurchases will be funded from the undistributed earnings of the company. The program is valid till April 29, 2020. As of March 16, 2020, the company has 0 shares in treasury.