KINX, Inc. announces an Equity Buyback for KRW 1,500 million worth of its shares.
September 26, 2017
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KINX, Inc. (KOSDAQ:A093320) 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 NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 28, 2018. As of September 26, 2017, the company had 132,006 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KINX Inc is a Korea-based company principally engaged in the Internet infrastructure services business. The Company provides services including Internet exchange (IX) services used to exchange Internet traffic information; Internet data center (IDC) services such as IX co-location services and server hosting services; contents delivery network (CDN) services; cloud service; DDoS and security service.
KINX, INC. 