Deutsch Motors Inc. (KOSDAQ:A067990) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares. The purpose of the program is to stabilize stock price and enhance shareholder value.

The program will continue through December 26, 2023. As of September 24, 2023, the company had 1,000,000 shares in treasury within the scope available for dividend and 2,492 shares in treasury through other repurchases.