Yuhwa Securities co.,ltd. announces an Equity Buyback for 100,000 shares.
March 20, 2020 at 03:26 am EDT
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Yuhwa Securities co.,ltd. (KOSE:A003460) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares. The purpose behind the program is to improve stock price and trade activation. The repurchase program will expire on June 22, 2020. As of March 19, 2020, the company had 2,089,282 common stock and 469,771 other stock in treasury shares within scope available for dividend and no shares in treasury through other repurchase.
On April 14, 2020, the company announced the stock split of 1:5 share. Under the plan after stock split the company will repurchase up to 500,000 shares.
Yuhwa Securities Co.,Ltd. is a Korea-based financial service provider specialized in the securities market. The Company is mainly engaged in the securities brokerage, dealing, and underwriting businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. The Company is also engaged in the provision of investment consulting services and home trading system services, as well as research services, such as investment strategies, corporate analysis, stocks indicator, bonds/historical material analysis services and other related services.