Miwon Chemicals Co., Ltd. announces an Equity Buyback for 40,000 shares.
August 07, 2016
Share
Miwon Chemicals Co., Ltd. (KOSE:A134380) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, for a total of KRW 2,712 million. The company will repurchase its shares on KOSPI market. The purpose of the share repurchase program is to enhance shareholder's value and to stabilize stock price. The maximum number of shares that the company may repurchase on any day is 4,000 shares. The share repurchase program is valid until November 8, 2016. As of August 7, 2016, the company had 35,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Miwon Chemicals Co., Ltd. is a Korea-based company principally engaged in the manufacturing and sale of chemical products. The Company's product portfolio consists of sulfur related products, including sulfur, refined and fuming sulfuric acids, and others, which are used for cements, pulps, fertilizers, printed circuit boards (PCBs) and others under the brand name of MIDAS, as well as surface active agents, including sulphonic acids, ethanolamine, alkyl sulfate products and others, which are under the brand names of MICOLIN, LAS and others. In addition, the Company is involved in the provision of rubber chemicals. The Company distributes its products within domestic market and to overseas markets.
MIWON CHEMICALS CO., LTD. 
