GMP.Co. Ltd announces an Equity Buyback for 300,000 shares.
January 16, 2019
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GMP.Co. Ltd (KOSDAQ:A018290) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares. The purpose of the program is to stabilize share price and enhance shareholder's value. The program will be valid until April 17, 2019. As of January 16, 2019, the company had no shares in treasury under the dividend capacity and 242,504 shares in treasury under other capacities.
VT Co Ltd, formerly VT GMP Co Ltd, is a Korea-based company mainly engaged in the manufacture and sale of cosmetics. The Company operates its business through four segments. The Cosmetics segment manufactures and sells cosmetics. The Laminating segment produces laminating machines and films. The Electric Vehicle and Secondary Battery segment produces lithium-sulfur batteries and lithium-sulfur solid-state batteries. The Hydrogen Fuel Cell Power Generation segment produces hydrogen fuel cell parts and produces and supplies hydrogen energy. In addition, the Company provides entertainment-related products and services to consumers.