Hunesion Co.,Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 15, 2020 at 10:30 pm EDT
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Hunesion Co.,Ltd (KOSDAQ:A290270) 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 NH Investment & Securities. The purpose of the program is to stabilize stock price and enhance shareholder value. The repurchase program will expire on September 15, 2020. As of March 15, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Hunesion co.,ltd is a Korea-based company mainly engaged in the development and provision of information protection software. The Companyâs products portfolio includes data transmission and integrated identity management /identity and access management (IM/IAM) products, among others. The data transmission products include streaming and data transmission products, among others. The data transmission products are sold under the name of i-oneNet. The IM/IAM products include system access control products, system account management products, and system password management products. The IM/IAM products are sold under the name of NGS. In addition, The Company is engaged in the provision of mobile security, access control and safety work products. The mobile security products are sold under the name of MoBiCa. The access control and safety work products are sold under the name of ViSiCa.
HUNESION CO.,LTD 
