LS Cable & System Asia Ltd. announces an Equity Buyback for 400,000 shares.
August 18, 2020 at 01:25 am EDT
LS Cable & System Asia Ltd. (KOSE:A229640) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on November 18, 2020. As of August 17, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.