ICRAFT Co., Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
March 27, 2020 at 05:27 am
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iCRAFT Co., Ltd. (KOSDAQ:A052460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with Shinhan Financial Investment. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 26, 2021. As of March 26, 2020, the company had 2,541,944 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
iCRAFT Co., Ltd. is a Korea-based company specialized in the provision of Internet network and system solutions. The Company's offerings include Internet core access network solutions, Internet infrastructure value services, wireless Internet services, large capacity data management solutions, Internet application solutions, integrated Internet security solutions, voice and data convergence solutions, traffic management and control services, next generation integrated authentication solutions, as well as domestic and overseas Internet service provider (ISP) network consulting services. It also sells related network and solution equipment such as routers.
ICRAFT CO., LTD. 
