Cosmax, Inc. announces an Equity Buyback for 12,500 shares.
January 02, 2020 at 07:42 am
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Cosmax, Inc. (KOSE:A192820) announces a share repurchase program. Under the program, the company will repurchase shares for KRW 3,000 million under the contract with KB Securities. The purpose of the program is to improve shareholder value and to reward employee performance. The program will be valid till January 15, 2020. As of January 1, 2020, the company had 0 shares in treasury under the dividend capacity and 3,468 shares in treasury under other capacities.
Cosmax Inc is a Korea-based company mainly engaged in the production and sale of cosmetics. The Company produces and sells cosmetics in the form of original development & design manufacturing (ODM). The Company is engaged in the manufacture and sale of skincare, makeup, Korean herbal cosmetics, fragrances, mask sheets and nail polish. Skincare products include skin lotions, creams, cleansings and essences. Makeup products include makeup bases, foundations, concealers, face powders, eyeshadows, eye liners, mascara, lipsticks and primers. The Company distributes its products in domestic and overseas markets such as China, Indonesia and America.