Haatz Inc. announces an Equity Buyback for KRW 2,300 million worth of its shares.
February 27, 2018 at 01:31 am EST
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The Board of Directors of Haatz Inc. (KOSE:A066130) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,300 million worth of its own shares. The purpose of the repurchase program is to increase shareholder value by increasing stock value. The repurchase program is valid till August 28, 2018. As of February 27, 2018, the company had 171,790 shares in treasury.
HAATZ Inc. is a Korea-based company engaged in the manufacture and sale of kitchen appliances. The Company produces hoods, including platinum hoods, decoration hoods, system hoods and hood accessories, such as fire extinguishers, automation ventilation sensors, ion clusters and others used for kitchen ventilation, as well as built-in appliances, including electric cook tops, gas cook tops, gas ovens, electric ovens, dish washers, dish dryers, refrigerators and others. The Company also engages in the construction of residential dynamic ventilation systems. The Company distributes its products within domestic market and to overseas markets.
HAATZ INC. 
