Hironic Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
July 02, 2018 at 03:48 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 2,000 million worth of its shares pursuant to a trust contract with Samsung Securities Co. Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholders value. The share repurchase program is valid until January 2, 2019. As of July 1, 2018, the company had 1,166,761 shares in treasury within scope available for dividend and had 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. 
