Korean Reinsurance Company announces an Equity Buyback for 2,500,000 shares, for KRW 21,400 million.
December 18, 2019 at 01:46 am EST
Korean Reinsurance Company (KOSE:A003690) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, for a total of KRW 21,400 million. The purpose of the program is to strengthen the management rights and to stabilize stock price. The program will expire on March 18, 2020. As of December 17, 2019, the company had no shares in treasury within scope available for dividend and through other repurchase.