Huons Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
August 14, 2020 at 02:07 am EDT
Huons Co., Ltd. (KOSDAQ:A243070) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 18, 2021. As of August 13, 2020, the company had no shares in treasury within scope available for dividend and had 16,894 shares in treasury through other repurchase.