Lotte Chemical Corporation (KOSE:A011170) 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 trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. As of October 25, 2023, the company had 284,972 shares in treasury through buyback within dividend capacity and no shares through other acquisitions.
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- Lotte Chemical Corporation announces an Equity Buyback for KRW 50,000 million worth of its shares.