Mr. Blue Corporation announces an Equity Buyback for KRW 500 million worth of its shares.
November 10, 2016 at 04:20 am
Mr. Blue Corporation (KOSDAQ:A207760) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a trust contract with Shinhan Investment Corp. The purpose of the share repurchase program is to enhance shareholders' value and stabilize the share price. The share repurchase program is valid until May 10, 2017. As of November 9, 2016, the company had no shares in treasury within scope available for dividend and had 6 shares in treasury through other repurchase.