CTK Cosmetics Co., Ltd announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 10, 2020 at 10:04 pm EDT
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CTK Cosmetics Co., Ltd (KOSDAQ:A260930) announces a share repurchase program. Under the program, the company will repurchase shares for KRW 5,000 million under the contract with Daishin Securities Co., Ltd. The purpose of the program is to stabilize stock price and improve shareholder value. The program will be valid until September 11, 2020. As of March 10, 2020, the company had 468,811 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
CTK Co Ltd, formerly CTK Cosmetics Co Ltd, is a Korea-based company principally engaged in the manufacturing and distribution of finished cosmetics. The Companyâs products include color cosmetics and basic cosmetics. Color cosmetics include ball lotion, face powder, face cake, liquid cream, cake foundation and so on. Basic cosmetics include packs, masks, lotions, creams, massage creams and essences and so on. The Company distributes its products within domestic market and to overseas markets.
CTK CO., LTD 
