Hironic Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 13, 2020 at 01:42 am EDT
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Hironic Co., Ltd. (KOSDAQ:A149980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with Samsung Securities Co. Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 15, 2020. As of March 12, 2020, the company had 1,529,030 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Hironic Co., Ltd is a Korea-based company mainly engaged in the research and development, manufacture and distribution of medical equipment for skin care. The Company mainly manufactures medical equipment for skin and obesity care or treatment. The Companyâs products include MIXEL, a skin cure equipment for skin lesions and melasma, as well as improving skin texture and tone; MIPL, a skin treatment equipment for pigmentation, wrinkle, vascular, acne and hair removal; MIDEPI, a hair removal equipment; DOUBLO, which is skin treatment equipment for skin tightening and rejuvenation, non-invasive lifting for face and eyebrow lifting; MICOOL, a treatment equipment of natural fat cell destruction, and New Midas, which is used for body contouring and face lifting.
HIRONIC CO., LTD. 
