Pharmsville Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 26, 2020 at 04:08 am EDT
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Pharmsville Co., Ltd. (KOSDAQ:A318010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Daishin Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 26, 2020. As of March 25, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Pharmsville Co., Ltd. is a Korea-based company principally engaged in the manufacturing and distribution of diet and health food. The Company manufactures and sells diet products under the brand name of Devil Diet. In addition, the Company manufactures and sells joint health, skin health supplement, eye health, nutritional supplement, immunity and antioxidation supplement food and other health functional food under the brand name of Apple Tree Dr. Kim, Vitamin Story, Apple Tree, Golden Garden, Apple Kinder, Daily Green and others. Moreover, the Company also manufactures and sells cosmetics and quasi drugs under the brand name of Doctorâs Answer.
PHARMSVILLE CO., LTD. 