Castelbajac Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
August 11, 2021 at 09:20 am
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Castelbajac Co., Ltd. (KOSDAQ:A308100) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its own shares pursuant to a contract with Shinhan Investment Corp. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on February 11, 2022. As of August 10, 2021, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Castelbajac Co., Ltd. is a company mainly engaged in the manufacturing and sale of golf apparels and golf accessories. Golf apparel products include jumper, sweater, pants, culottes and others. Golf accessories include caddy bags, Boston bags, pouch bags, hats, socks, and shoes. The Company mainly sells its products under the brand name of CASTELBAJAC. The Company distributes its products within domestic market and to overseas markets.