JCH Systems, Inc. announces an Equity Buyback for KRW 1,000 million worth of its shares.
October 23, 2017
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JCH Systems, Inc. (KOSDAQ:A033320) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares, pursuant to a contract with Mirae Asset Daewoo. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on April 23, 2018. As of October 24, 2017, the company had 244,326 shares in treasury within scope available for dividend and had 1,225 shares in treasury under other capacities.
JCH Systems, Inc., formerly JC HYUN SYSTEMS INC., is a Korea-based company mainly engaged in the provision of information technology (IT) products. The Company operates its business through two divisions: IT products distribution division and Internet services division. Its IT products distribution division involves in the distribution of personal computers (PCs) and computer related products, including main boards, central processing units (CPUs), graphic cards, cables, monitors, projectors and others, as well as car infotainment (CI) devices including car audios, videos, navigations (AVNs) and others. Its Internet services division engages in the provision of network and information security solutions including Internet data center (IDC) services, online solutions, electronic business services and others.
JCH SYSTEMS, INC. 