Motrex Co., Ltd announces an Equity Buyback for 180,000 shares.
March 05, 2018 at 03:20 am
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Motrex Co., Ltd (KOSDAQ:A118990) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares for a total of KRW 6,057 million. The purpose of repurchase program is to improve shareholder value and stabilize stock price. The repurchase program will expire as on June 5, 2018. As of March 5, 2018, the company had 200,002 shares held in treasury within scope available for dividend and had no shares in treasury through other repurchase.
MOTREX.CO.,LTD is a Korea-based company principally engaged in the manufacturing and distribution of automation parts. The Companyâs products include audio visual navigation (AVN), audio video (AV), rear seat entertainment (RSE), around view monitor (AVM), head up display (HUD), application key, car telematics, driver health monitoring, automotive intelligent docking adaptor (AIDA) and dash camera. The Company distributes its products within domestic market and to overseas markets.