Monami Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 03, 2016 at 05:26 am
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Monami Co., Ltd. (KOSE:A005360) 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 trust agreement with Mirae Asset Daewoo. The purpose of the program is to stabilize the stock price and to enhance shareholder value. The program will continue until May 4, 2017. As of November 2, 2016, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
MonAmi CO., LTD. is a Korea-based company mainly engaged in the provision of stationery products and printer supplies. The Company operates its business through three main divisions: stationery division, computer supplies division and other business division. Its stationery division is engaged in the manufacture and distribution of stationery products, such as ball pens, nib pens, marker pens, highlighters, mechanical pencils, art materials, erasers, correction pens, board cleaners, calculators and other related items. Its computer supplies division mainly provides printer supplies, such as inks, ink cartridges, toners and others. Its other business division engages in the franchise business, provision of printing and output services, and operation of special sale goods.
MONAMI CO., LTD. 
