GTG Wellness CO.,LTD announces an Equity Buyback for KRW 2,000 million worth of its shares.
October 05, 2018 at 12:26 am EDT
GTG Wellness CO.,LTD (KOSDAQ:A219750) announces a share repurchase program. Under the program, the company will repurchase KRW 2,000 million under the contract with Shinhan Investment Corp. The purpose of the program is to enhance shareholders' value and stabilize the share price. The program will be valid until April 4, 2019. As of October 4, 2018, the company had no shares in treasury under the dividend capacity and 21 shares in treasury under other capacities.