Tranche Update on iMarketKorea Inc.'s Equity Buyback Plan announced on July 23, 2018.
October 23, 2018 at 03:02 am EDT
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From July 23, 2018 to September 30, 2018, the company has repurchased 711,977 shares, representing 2.05% for KRW 4,996.73 million. With this, the company has completed the repurchase of 711,977 shares, representing 2.05% for KRW 4,996.73 million under the buyback announced on July 23, 2018.
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.