Mcnulty Korea Co., Ltd. announces an Equity Buyback.
March 26, 2018 at 04:45 am
Share
Mcnulty Korea Co., Ltd. (KOSDAQ:A222980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares, pursuant to its contract with Mirae Asset Daewoo Co., Ltd. The purpose of the buyback is to improve shareholder value through stock price stabilization. The program will be valid up to September 27, 2018. As of March 25, 2018, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Mcnulty Korea Co., Ltd. is a Korea-based company mainly engaged in the manufacture of coffees. The Company purchases green beans of coffee and produces coffees of different types by roasting. The Company's product portfolio consists of roasted coffees including whole beans, crushed beans, triangular tea bags, square tea bags and hand drips, instant coffees including coffee mixes and instant bean coffees and coffee beverages including portion coffees and ice coffees. The Company also manufactures ethical (ETC) drugs including painkillers, diabetes diagnosis drugs and colonic irrigation drugs and over the counter (OTC) drugs including cold medicines, hair restorers and cold medicines for children.
MCNULTY KOREA CO., LTD. 
