RSUPPORT Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 12, 2018 at 01:52 am EST
Share
RSUPPORT Co., Ltd. (KOSDAQ:A131370) announces a share repurchase program. Under the program, the company will repurchase its own shares for KRW 1,000 million (worth of its shares pursuant to a contract with KB Securities Co., Ltd.). The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on May 13, 2019. As of November 11, 2018, the company has 871,455 shares in treasury within scope available for dividend and had 117,447 shares in treasury through other repurchase.
RSUPPORT Co., Ltd is a Korea-based company engaged in the production and provision of remote support services and remote support software. The Companyâs products mainly consist of remote calls, remote view, remote wake on lan (WOL), remote application programming interface (API) and liteCam high definition (HD). The Companyâs subsidiaries consist of Rsupport K. K, Rsupport (China) Technologies and Rsupport Inc. The Company distributes its products within domestic market and to overseas markets, including China, Japan and the United Sates.