IMarketKorea Inc. announces an Equity Buyback for KRW 10,000 million worth of its shares.
March 19, 2020 at 03:39 am EDT
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iMarketKorea Inc. (KOSE:A122900) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its common stock, pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to enhance the shareholders value by stabilizing the stock prices. The program will end on March 18, 2021. As of March 18, 2020, the company had 3,371,323 shares in treasury within the scope available for dividend and 10,000 shares in treasury through other repurchase.
iMarketKorea Inc. is a Korea-based company principally engaged in the industrial material business to business (B2B) electronic commerce. It mainly operates in two divisions: industrial material B2B electronic commerce division, which involves in the maintenance, repair & operation (MRO) procurement services, global procurement services, raw and subsidiary materials procurement services, B2B shopping mall services covering office supplies, factory supplies and specialized supplies, procurement consulting services, as well as security paper manufacturing division, which involves in the development and manufacture of security papers and distribution of security gate and others. The Company provides its procurement services for domestic customers and foreign customers.
IMARKETKOREA INC. 
