ShinWon Corporation announces an Equity Buyback for 1,000,000 shares.
February 01, 2021 at 12:03 am EST
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ShinWon Corporation (KOSE:A009270) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares pursuant to a contract with MIRAE ASSET SECURITIES CO.,LTD. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on May 1, 2021. As of January 31, 2021, the company had 13,500,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Shin Won Corporation is a Korea-based company mainly engaged in the manufacturing and sale of garments and handbags. The Company operates its business under two segments: export and fashion segments. Its export segment is engaged in the original equipment manufacturing (OEM) and distribution of knits, sweaters and handbags to the overseas countries. Its fashion segment provides apparels under the brand name of BESTI BELLI, SI, VIKI, ISABEY de PARIS, SIEG, SIEG FAHRENHEIT, VanHart di Albazar and Romeo Santamaria. The Company distributes its products through department stores, sales agencies and hotels.
SHINWON CORPORATION 
