DRGEM Corporation announces an Equity Buyback for KRW 1,500 million worth of its shares.
September 05, 2019 at 01:18 am EDT
DRGEM Corporation (KOSDAQ:A263690) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of shares pursuant to a trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of share repurchase is to enhance shareholder value through stabilization of stock price. As of September 5, 2019, the company had no shares in treasury within scope available for dividend and through other repurchase.