Lock&Lock Co., Ltd. announces an Equity Buyback for KRW 20,000 million worth of its shares.
February 12, 2020 at 04:02 am EST
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Lock&Lock Co., Ltd. (KOSE:A115390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of own shares pursuant to a trust agreement with KB Securities Co., Ltd. The purpose of the share repurchase is to stabilize stock price and enhance shareholder value. The program will continue until August 13, 2020. As of February 11, 2020, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
LOCK&LOCK Co Ltd is a Korea-based company principally engaged in the manufacturing and sale of storage goods. The Company manufactures and sells storage products, outdoor products and other products. The Companyâs storage products include plastic airtight containers, glass airtight containers, porcelain airtight containers, and tritan airtight containers, among others. The outdoor products include water bottles, cold storage bottles, and outdoor lunch boxes, among others. The other products include kitchen and living goods such as pots, frying pans and others. The Company operates its businesses in domestic and overseas markets such as Europe, Asia and United States.
LOCK&LOCK CO., LTD. 
