KMH Co. Ltd. announces an Equity Buyback for 3,455,696 shares, for KRW 54,600 million.
June 24, 2021 at 07:28 pm EDT
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KMH Co. Ltd. (KOSDAQ:A122450) announces a share repurchase program. Under the offer, the company will repurchase up to 3,455,696 shares at a cost of KRW 15,800 per share, for a total cost of KRW 54,600 million. The purpose of the tender offer is to enhance shareholder value and to provide stability to management rights. The offer will be funded from company's own cash funds. During the tender offer period, if the number of stocks applied for is less than the expected number of stocks, all of the stocks applied for the tender offer will be purchased. The tender offer will expire on July 14, 2021.
KX Innovation Co Ltd, formerly KMH Co Ltd, is a Korea-based company engaged in the broadcasting service business. The Company is mainly engaged in the provision of broadcasting services such as cable television (TV), satellite broadcasting, and digital multimedia broadcasting (DMB). In addition, the Company is engaged in the provision of drama and entertainment channels and operation of advertising agencies. Through its subsidiaries, the Company is also engaged in the businesses such as manufacture and sale of semiconductor component materials, operation of golf courses, and production and sale of broadcasting equipment.
KX INNOVATION CO., LTD. 
