KRTnet Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 03, 2017 at 06:16 am
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KRTnet Co., Ltd. (KOSDAQ:A065530) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares under the contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program will be valid till March 2, 2018. As of March 2, 2017, the company had 189,880 shares in treasury under the dividend capacity and no shares in treasury through other buybacks.
Wiable Corp, formerly KRTnet Corp, is a Korea-based company principally engaged in the construction, sale, operation, and maintenance business of public wireless base stations. The Company is engaged in construction, sale, operation, and maintenance business of public wireless base stations and relay networks in the ground, subway and various tunnel sections. In addition, the Company is involved in the construction of communication facilities.