Tranche Update on iMarketKorea Inc.'s Equity Buyback Plan announced on February 12, 2019.
May 16, 2019 at 03:39 am EDT
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From February 12, 2019 to March 31, 2019, the company has repurchased 588,961 shares, representing 1.73% for KRW 5,525.59 million. With this, the company has completed the repurchase of 588,961 shares, representing 1.73% for KRW 5,525.59 million under the buyback announced on February 12, 2019.
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.