Ktcs corporation announces an Equity Buyback for KRW 5,000 million worth of its shares.
August 07, 2020 at 05:47 am
ktcs corporation (KOSE:A058850) 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 NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 9, 2021. As of August 6, 2020, the company had 872,000 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchases.