Clean & Science Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 15, 2020 at 10:59 pm
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Clean & Science Co., Ltd. (KOSDAQ:A045520) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a contract with Samsung Securities Co. Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 16, 2021. As of March 15, 2020, the company had 321,619 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Clean & Science co., Ltd is a Korea-based company mainly engaged in the manufacture of filter papers. The Company produces automobile use filter papers for oil filters, air conditioner filers, fuel filters and others, and industrial use filter papers for thermoelectric power plant gas turbine filters, industrial machine tool cutting filters, compressor filters and dry cleaning filters under the brand name JAF. In addition, it is engaged in the production of filter papers and filters used for air purification, air conditioners and others under the brand name HPFT. The Company also produces melt blown used for heating, ventilating, air conditioning and waste water treatment.