Tranche Update on MH Ethanol Co.,Ltd.'s Equity Buyback Plan announced on November 12, 2018.
December 10, 2018
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From November 12, 2018 to December 7, 2018, the company has repurchased 80,000 shares, representing 1.17% for KRW 432.95 million. With this, the company has completed the repurchase of 80,000 shares, representing 1.17% for KRW 432.95 million under the buyback announced on November 12, 2018.
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.