Booster Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 20, 2020 at 10:11 am IST
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Booster Co., Ltd. (KOSDAQ:A008470) 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 contract with KB Securities Co.,Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 19, 2020. As of March 19, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
BOOSTER CO., LTD is a Korea-based company engaged in the manufacture of industrial boilers. The Companyâs products consists of tube boilers used in buildings, saunas, petrol chemicals facilities, pharmaceutical facilities, hospitals, public institutions and others; vacuum hot water boilers and no pressure tube type boilers used in the buildings, apartment heating, hotels, golf courses, swimming pools and other leisure facilities, and others including water supply units, booster cleaners, cool shots, accessories and control systems. The Company distributes its products within domestic market and to overseas markets.