PharmaEssentia Corporation (TPEX:6446) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 1.18% of its issued share capital for the total worth of TWD 8,846.64 million. The shares will be repurchased within the price range of TWD 350 to TWD 450 per share.

The repurchased shares will be transferred to employees. The program will continue through September 29, 2023. As of July 28, 2023, the company has 4,905,000 shares in treasury.