Atinum Investment Co., Ltd announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 09, 2021 at 09:59 pm
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Atinum Investment Co., Ltd (KOSDAQ:A021080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with SK Securities. The purpose of the program is to improve shareholder value and stabilize stock prices. The repurchase program will expire on September 9, 2021. As of March 9, 2021, the company had no shares in treasury within the scope available for dividend and had 5,425 shares in treasury through other repurchases.
Atinum Investment Co., Ltd is a Korea-based company principally engaged in the venture investment business. It mainly invests in information technology (IT) and communication, renewable and energy, bio and life science, materials and components, as well as media and contents industries. The Companyâs principal activities consist of venture support services, including the consulting of foundation procedures, start-up capital support procedures, tax and accounting, and government support policies; support services for its investment companies including business consulting services of technology trends, strategy plans, human resource plans, initial public offerings (IPOs), restructurings, mergers and acquisitions (M&As), market information and others, and international supports services such as overseas corporation investments as well as cooperative mutual investments of domestic and overseas corporations.