TS Corporation announces an Equity Buyback for KRW 5,000 million worth of its shares.
July 27, 2020 at 01:05 am
TS Corporation (KOSE:A001790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilization of stock prices and enhancement of shareholder value. The program will be valid up to July 26, 2021. As of July 26, 2020, the company had 442,310 shares in treasury with in the scope available for dividend and no shares in treasury through other repurchase.