ShinWon Corporation announces an Equity Buyback for 1,904,761 shares.
February 24, 2020 at 12:00 am EST
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ShinWon Corporation (KOSE:A009270) announces a share repurchase program. Under the program, the company will repurchase up to 1,904,761 common shares. The purpose of share repurchase is to stabilize stock price and enhance shareholder value. The repurchase program will continue until May 24, 2020. As of February 23, 2020, the company had 7,282,820 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 
