MH Ethanol Co.,Ltd. announces an Equity Buyback for KRW 720 million worth of its shares.
August 21, 2017
Share
MH Ethanol Co.,Ltd. (KOSE:A023900) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares for a total of KRW 720 million. The purpose of the share repurchase program is to improve shareholder value and to stabilize the share price. The share repurchase program is valid until October 31, 2017. As of August 21, 2017, the company had 170,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
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. 
