ShinWon Corporation announces an Equity Buyback for 1,200,000 shares.
March 20, 2020 at 02:57 am EDT
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ShinWon Corporation (KOSE:A009270) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on June 22, 2020. As of March 19, 2020, the company had 10,987,581 treasury shares within scope available for dividend and 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 
