Suprema HQ Inc. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 17, 2020 at 03:06 am EDT
Suprema HQ Inc. (KOSDAQ:A094840) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to stabilize stock price and increase shareholder value. The repurchase program will continue until March 16, 2021. As of March 16, 2020, the company had 959,598 shares in treasury under the dividend capacity and 4,388 shares in treasury under other capacities.