Seoul Viosys Co., Ltd announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 19, 2021 at 04:52 am
Seoul Viosys Co., Ltd (KOSDAQ:A092190) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its own shares pursuant to a contract with KB Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 21, 2021. As of March 18, 2021, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.