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Cheil Grinding Wheel Ind. Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares. - MarketScreener

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Oct 29, 2024

Cheil Grinding Wheel Ind. Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares. - MarketScreener

Cheil Grinding Wheel Ind. Co., Ltd. (KOSE:A001560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a trust

Cheil Grinding Wheel Ind. Co., Ltd. (KOSE:A001560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and uplift the value of shareholders.

The program will expire on October 28, 2025. As of October 28, 2024, the company had 3,094,000 shares in treasury within scope available for dividend and had 0 shares in treasury under other capacities.