Mecaro Co., Ltd. announces an Equity Buyback for 180,000 shares.
November 19, 2018 at 02:05 am EST
Mecaro Co., Ltd. (KOSDAQ:A241770) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 common shares, for a total consideration of KRW 2,826 million. The purpose of repurchase program is to stabilize stock price and improve shareholder value. The program will expire on February 19, 2019. As of November 19, 2018, the company has no shares within scope available for dividend and in treasury through other repurchase.