Hugel, Inc. announces an Equity Buyback for KRW 50,000 million worth of its shares.
February 14, 2023 at 02:35 am EST
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Hugel, Inc. (KOSDAQ:A145020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the buyback is to stabilize the share price and enhance the shareholder's value.
The plan will be valid up to August 14, 2023. As on February 13, 2023, the company had 682,659 shares within scope available for dividend and 2,341 shares in treasury through other repurchase.
Hugel Inc is a Korea-based company mainly engaged in the manufacture of biopharmaceuticals. The Company's product portfolio consists of botulinum toxins which used for treatment of benign essential blepharospasm and temporary improvement of moderate to severe glabellar lines including 50 unit types, 100 unit types and 200unit types; hyaluronic acid (HA) fillers which used for temporary removal of facial wrinkles including the chaeum premium No.1, the chaeum premium No.2, the chaeum premium No.3m the chaeum premium No.4, the chaeum MID 20A, the chaeum DEEP 20A, the chaeum SUB-Q 20A and the chaeum VOLUS 20A; wellages, blue roses and other cosmetics. The Company sells its products in domestic and overseas markets.