Korea Line Corporation announces an Equity Buyback for KRW 5,000 million worth of its shares.
October 31, 2018 at 05:30 am
Korea Line Corporation (KOSE:A005880) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 5,000 million worth of its shares under the contract with Korea Development Bank. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until April 30, 2019. As of October 30, 2018, the company had no shares in treasury under the dividend capacity and no shares in treasury under other buyback.