Brand X Co.,Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
August 14, 2020 at 10:51 am IST
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Brand X Co.,Ltd. (KOSDAQ:A337930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares, pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the buyback is to increase shareholder value through stock price stabilization. The plan will be valid up to February 14, 2021. As of August 13, 2020, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other buyback.
Brand X Co Ltd is a Korea-based company engaged in manufacturing uniforms, working clothes, and similar clothes. The Company's brand names in which the parent company operates are xexymix, mix2mix, WHIA, and Marcio Diego. Xexymix and mix2mix are engaged in the manufacture and sale of professional sportswear for women. WHIA sells toothbrush sterilizers and cleaners. Marcio Diego is engaged in the manufacture and sale of men's clothing, leather goods and cosmetics.
BRAND X CO.,LTD. 
