Genoray Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
August 07, 2019 at 07:49 pm EDT
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Genoray Co., Ltd. (KOSDAQ:A122310) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program is valid until February 10, 2020. As of August 7, 2019, the company had no shares in treasury within scope available for dividend and no shares in treasury through other repurchase.
GENORAY CO., LTD is a Korea-based company that manufactures and sells hospital and dental X-ray imaging diagnostic equipments. The Company operates its business through two segments. The Medical segment manufactures and sells mobile C-arm and mammography equipments. The Dental segment manufactures and sells panoramic equipment, cephalometry equipment, 3D computed tomography (CT), portable X-ray equipment.