WISE iTech Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
August 20, 2020 at 10:37 pm
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WISE iTech Co., Ltd. (KOSDAQ:A065370) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its own shares pursuant to a contract with Daishin Securities Co., Ltd. The purpose of share repurchase is to improve shareholder value and to stabilize stock price. The repurchase program will expire on February 22, 2021. As of August 20, 2020, the company had 158,047 shares within scope available for dividend and no shares in treasury through other repurchase.
WISE iTech Co., Ltd. is a Korea-based company mainly engaged in the development and sale of software. The Company is involved in the provision of machine learning process automation tools, big data analysis services, data quality management tools, public data open management tools, and cloud services. The products are sold under the name of WISE Prophet, WISE OLAP, WISE DQ, WISE Meta, and WISE Open.
WISE ITECH CO., LTD. 
