Zinus, Inc announces an Equity Buyback for 195,000 shares.
August 17, 2021 at 08:10 pm EDT
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Zinus, Inc (KOSE:A013890) announces a share repurchase program. Under the program, the company will repurchase up to 195,500 shares. The purpose of the program is enhancing shareholder value through stock price stabilization and securing stock to exercise the stock options. The program will expire on November 18, 2021. As of August 17, 2021, the company had 414,550 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Zinus Inc is a Korea-based company mainly engaged in the manufacture and sale of bed mattresses. The Company's mattress products include foam mattresses, spring mattresses, toppers. In addition, the Company provides bed frames, smart bases, box springs, platform beds, pillows and other bedroom furniture. Besides, the Company also provides standing desks, standing table desks, pet beds, pet steps and other furniture. The Company sells its products in domestic and overseas markets.