Muhak Co., Ltd. announces an Equity Buyback for 500,000 shares.
May 22, 2019 at 03:16 am EDT
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Muhak Co., Ltd. (KOSE:A033920) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares. The purpose of repurchase program is to improve shareholder value and to stabilize stock price. The repurchase program is valid till August 22, 2019. As of May 21, 2019, the company had 305,610 shares in treasury within scope available for dividend and had 7,522 shares in treasury through other repurchase
Muhak Co Ltd is a Korea-based company principally engaged in the manufacture and sale of traditional liquor products. The Company operates its business through two segments. The Liquor Segment engaged in the manufacture of soju, a distilled beverage native to Korea, as well as chrysanthemum alcoholic drinks, plum wines, sparkling wines and rice wines. The Steel Segment engages in the manufacturing and processing electrical steel sheets and stainless steels for electric motors and transformers. The Company distributes its liquor product in domestic and overseas markets such as China, Vietnam.
MUHAK CO., LTD. 
