PharmaEssentia Corporation (TPEX:6446) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.47% 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 330 to TWD 450 per share.

The repurchased shares will be transferred to employees. The program will continue through July 21, 2023. As of May 24, 2023, the company has 904,000 shares in treasury.