Pulmuone Co., Ltd. announces an Equity Buyback for 500,000 shares.
December 30, 2020 at 07:55 am
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Pulmuone Co., Ltd. (KOSE:A017810) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares. The purpose of the program is to improve shareholder value and compensate key executives for their performance. The program will expire on February 28, 2021. As of December 29, 2020, the company had 849,700 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchases.
PULMUONE, formerly Pulmuone Holdings Co., Ltd. is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company is mainly engaged in the food manufacturing and food material distribution businesses. The Companyâs subsidiaries include Pulmuone Foods Co., Ltd., which is engaged in the production of tofu, bean sprouts, eggs and noodles; Exofresh Logistics Co., Ltd., which is mainly engaged in the provision of chilled logistic business; ECMD. CO., LTD., which is engaged in the food service business; FOODMERCE, which is engaged in the distribution of food materials, and Pulmuone Health&Living CO.LTD., which is mainly engaged in the manufacture of healthcare foods.