MH Ethanol Co.,Ltd. announces an Equity Buyback for 80,000 shares.
November 12, 2018 at 03:28 am
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MH Ethanol Co.,Ltd. (KOSE:A023150) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, for KRW 424 million. The purpose of repurchase program is to stabilize stock price and improve shareholder value. The share repurchase program is valid till January 31, 2019. As of November 12, 2018, the company has 590,000 shares within scope available for dividend and has no shares in treasury through other repurchase.
MH ETHANOL CO., LTD. is a Korea-based company mainly engaged in the manufacture and distribution of alcoholics. The Company produces fermented alcoholics and refined alcoholics, which are used for making distilled spirits. It is also engaged in the production of bio-ethanol and alcohols used for fuels through its subsidiary MH Bio Energy, and tapioca chips and roots used for bio-ethanol manufacturing through its subsidiary CJ Cambodia. The Company also involves in the distillation machinery and facility manufacturing through its affiliated company MH Bio-Tech. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas market.
MH ETHANOL CO.,LTD. 