Hyundai Marine & Fire Insurance Co., Ltd. announces an Equity Buyback for 1,000,000 shares.
February 10, 2021 at 01:24 am EST
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Hyundai Marine & Fire Insurance Co., Ltd. (KOSE:A001450) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 own shares. The purpose behind the program is to enhance shareholder value through stock price stabilization. The repurchase program will expire on May 10, 2021. As of February 9, 2021, the company had 9,985,500 treasury shares within scope available for dividend and 0 shares in treasury through other repurchase.
Hyundai Marine & Fire Insurance Co Ltd is a Korea-based company engaged in the non-life insurance business. The Company provides fire insurance, marine insurance, automobile insurance, guaranteed insurance, overseas accident insurance, long-term insurance and annuities, as well as pension insurance, engineering insurance, liability insurance, casualty insurance and others. In addition, it is involved in the consumer lending, building management, damage assessment, call center, education business, asset management and others.
HYUNDAI MARINE & FIRE INSURANCE CO., LTD. 
