KSS Line Ltd. announces an Equity Buyback for 220,000 shares.
October 13, 2017 at 07:27 am
KSS Line Ltd. (KOSE:A044450) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, for a total of KRW 1,991 million which is based on the closing price of per share on October 12, 2017. The purpose of the share repurchase program is to stabilize the share price and investor protection. The share repurchase program is valid until January 15, 2018. As of October 12, 2017, the company had 225,999 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.