Orange Life Insurance, Ltd. announces an Equity Buyback for KRW 50,000 million worth of its shares.
February 11, 2019 at 03:30 am EST
Share
Orange Life Insurance, Ltd. (KOSE:A079440) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 50,000 million worth of its shares under the contract with Samsung Securities Co.,Ltd. The purpose of the program is to enhance shareholders' value. The program will be valid until August 12, 2019. As of February 11, 2019, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Orange Life Insurance Ltd is a Korea-based company principally engaged in the provision of life insurance products and related services. The Company provides insurance products, including whole life insurance, critical illness whole life insurance, health insurance, term insurance, annuity insurance and saving insurance, among others. The Company offers its products through channels, including financial consultants (FC), banks, and general agents. It also provides insurance and financial consulting services.