Ubiquoss Holdings Inc. announces an Equity Buyback for KRW 10,000 million worth of its shares.
October 12, 2017 at 09:27 pm
Ubiquoss Holdings Inc. (KOSDAQ:A078070) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a trust agreement with Mirae Asset Daewoo Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until April 12, 2018. As of October 12, 2017, the company had 2,662,908 shares in treasury within scope available for dividend and had 3,753 shares in treasury through other repurchase.