SK Materials Co., Ltd. announces an Equity Buyback for 530,000 shares.
June 12, 2018 at 03:26 am EDT
SK Materials Co. Ltd. (KOSDAQ:A036490) announces a share repurchase program. Under the program, the company will repurchase up to 530,000 common shares for a total consideration of KRW 91,160 million. The purpose of repurchase program is to improve shareholder value through stock price stabilization. The share repurchase program is valid till September 12, 2018. As of June 12, 2018, the company had 530,000 shares in treasury within scope available for dividend and had no shares held in treasury through other repurchase.