Lindeman Asia Investment Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
April 30, 2021 at 08:39 am
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Lindeman Asia Investment Co., Ltd. (KOSDAQ:A277070) 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 Yuanta Securities Korea Co., Ltd. The purpose of the program is to improve shareholder value and stabilize stock prices. The program will expire on April 29, 2022. As of April 29, 2021, the company had 182,450 shares in treasury within the scope available for dividend and had 0 share in treasury through other repurchases.
Lindeman Asia Investment Corporation is a Korea-based company mainly engaged in the provision of investment finance. The Company is engaged in the formation, operation and management of private equity funds (PEFs). The Company invests in small and venture companies through investment of associations and funds. It is involved in the investment of entrepreneurs and venture companies, the formation of start-up investment associations and the execution of business, the overseas investment, and establishment and operation of business incubation center. The main investment targets of investment associations and private equity funds operated by the Company are foreign-owned companies, foreign corporations or foreign companies among medium-sized and venture companies. In addition, the Company invests in subsidiaries.