Cosmax BTI, Inc. announces an Equity Buyback for 20,000 shares, for KRW 269 million.
January 02, 2020 at 02:51 am EST
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Cosmax BTI, Inc. (KOSE:A044820) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, for total worth of KRW 269 million. The purpose of the share repurchases is to improve shareholder value and reward employee performance. The program is valid till January 15, 2020. As of January 1, 2020, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
COSMAXBTI, INC. is a Korea-based company mainly engaged in manufacturing cosmetics. Through its subsidiaries in China, Indonesia and the United Sates, the Company operates its business through three segments: cosmetics segment, which produces cosmetics such as skin care, make-up, hair care and functional cosmetics; healthy food segment, which produces vitamins and diet drugs, and other segment, which produces cosmetics and plastic pumps. The Company distributes its products within domestic market and to overseas markets.
COSMAX BTI, INC. 
