Tranche Update on GRITEE, Inc.'s Equity Buyback Plan announced on March 16, 2020.
June 18, 2020 at 09:27 pm EDT
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From March 16, 2020 to March 31, 2020, the company has repurchased 337,024 shares, representing 1.67% for KRW 521.94 million. With this, the company has completed the repurchase of 337,024 shares, representing 1.67% for KRW 521.94 million under the buyback announced on March 16, 2020.
GRITEE, Inc., formerly M CORSET, Inc. is a Korea-based company principally engaged in the manufacturing and sale of women's underwear. The Companyâs product profile consists of brassieres, panties, girdles, body suits, negligees and leggings. In addition, the Company provides men's panties, running shirt and others. These products are sold under the brand names of Wonderbra, Playtex, Crocodile, Just My Size, Missing Dorothy, Maidenform, Himico, Dr.Miz, among others. The Company distributes its products within domestic market and to overseas markets, such as America and other Asian countries. Its main subsidiaries are inclusive of M Global, Inc., Dr. MIZ KOREA. Inc. and others.