KINX, Inc. announces an Equity Buyback for KRW 1,500 million worth of its shares.
November 16, 2017 at 02:39 am EST
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KINX, Inc. (KOSDAQ:A093320) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on November 17, 2018. As of November 16, 2017, the company has 241,908 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KINX, Inc. is a Korea-based company principally engaged in the Internet infrastructure services business. The Company provides services including Internet exchange (IX) services used to exchange Internet traffic information; Internet data center (IDC) services such as IX co-location services and server hosting services; contents delivery network (CDN) services.
KINX, INC. 
