Derkwoo Electronics Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 29, 2018 at 01:04 am
Derkwoo Electronics Co., Ltd (KOSDAQ:A263600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value through stock price stabilization. The program will continue until October 1, 2018. As of March 28, 2018, the company had no shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.