MH Ethanol Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 12.99% for KRW 635 million.
November 08, 2019 at 02:14 am EST
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MH Ethanol Co.,Ltd. (KOSE:A023150) ) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 12.99% of its issued share capital, for total worth of KRW 635 million. The purpose of share repurchases is to stabilize the share price and shareholder value. As of November 7, 2019, the company had 770,000 shares are in issue.
MH ETHANOL CO., LTD. is a Korea-based company mainly engaged in the manufacture and distribution of alcoholics. The Company produces fermented alcoholics and refined alcoholics, which are used for making distilled spirits. It is also engaged in the production of bio-ethanol and alcohols used for fuels through its subsidiary MH Bio Energy, and tapioca chips and roots used for bio-ethanol manufacturing through its subsidiary CJ Cambodia. The Company also involves in the distillation machinery and facility manufacturing through its affiliated company MH Bio-Tech. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas market.
MH ETHANOL CO.,LTD. 
