CQV Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 27, 2016
Share
CQV Co., Ltd. (KOSDAQ:A101240) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million of its shares pursuant to a trust contract with Daishin Securities Co. Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve the perception of the company. The share repurchase program is valid until November 27, 2017. As of November 27, 2016, the company had 874,037 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
CQV Co., Ltd. is a Korea-based company principally engaged in the manufacture of pearlescent pigments. The Companyâs pearlescent pigments are for industrial usages such as wall papers, paints, artificial leathers, ink and prints, floorings, plastics and powder coatings; cosmetic usages such as nail enamels, lip glosses, base powders, eye shadows, lipsticks and color-related cosmetics, and automotive usages such as exterior paints, automotive paints and refinishes paints. The Company also provides electric ceramic powders (ECPs). It distributes its products within domestic market and to overseas markets.
CQV CO., LTD. 