Huchems Fine Chemical Corporation announces an Equity Buyback for KRW 20,000 million worth of its shares.
March 22, 2019 at 02:53 am EDT
Huchems Fine Chemical Corporation (KOSE:A069260) announces a share repurchase program. Under the program, the company will repurchase its own shares for KRW 20,000 million worth of its shares (pursuant to a contract with KB Securities Co., Ltd.). The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 25, 2020. As of March 21, 2019, the company had 1,615,811 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.