Huneed Technologies announces an Equity Buyback for KRW 3,000 million worth of its shares.
May 13, 2018 at 10:08 pm EDT
Huneed Technologies (KOSE:A005870) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of repurchase program is to stabilize share prices and enhance shareholder value. The repurchase program is valid till November 13, 2018. As of May 14, 2018, the company had 336,344 treasury shares within scope available for dividend and no treasury stock through other buyback.