Hanil Holdings Co., Ltd. announces an Equity Buyback.
March 19, 2020 at 02:50 am
Hanil Holdings Co., Ltd. (KOSE:A003300) 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 Mirae Asset Daewoo Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 19, 2020. As of March 18, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.