SBS Media Holdings Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
February 26, 2020 at 02:01 am EST
SBS Media Holdings Co., Ltd. (KOSE:A101060) announces a share repurchase program. Under the program, the company will repurchase shares for KRW 10,000 million under the contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until February 25, 2021. As of February 25, 2020, the company had 7,179,123 shares in treasury under the dividend capacity and 0 shares in treasury under other capacities.