Handok Clean Tech Co., Ltd. announces an Equity Buyback for KRW 2,500 million worth of its shares.
March 24, 2020 at 07:36 am
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Handok Clean Tech Co., Ltd. (KOSDAQ:A256150) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and enhance shareholders value. The repurchase program will continue until September 25, 2020. As of March 23, 2020, the company had 335,850 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Handok Clean Tech Co.,Ltd is a Korea-based company principally engaged in the manufacturing and distribution of carbon block filters used in water purifiers . The Companyâs products mainly include carbon block filters and complex filters. In addition, the Company also manufactures and sells air cleaner purifier filters, refrigerator water purifier filters and other air filters.