UBCare Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 08, 2017 at 02:46 am EST
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UBCare Co., Ltd. (KOSDAQ:A032620) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares under the contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to enhance shareholders' value and to stabilize the share price. The program will be valid till March 7, 2018. As of March 7, 2017, the company had 762,226 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
UBCARE CO., LTD. is a Korea-based company engaged in the provision of healthcare solutions. The Company mainly operates in two segments. The Medical Information Platform segment provides integrated information solutions providing medical services. The Personal Health Information Management Platform segment provides health management services. In addition, the Company distributes medical instrument and green agricultural products, as well as operates electronic commerce business.