Cntus-Sungjin Co.,Ltd announces an Equity Buyback for 400,000 shares.
March 31, 2021 at 11:00 am IST
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Cntus-Sungjin Co.,Ltd (KOSDAQ:A352700) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares of common stock. The purpose of the program is to improve shareholder value and stock price stabilization. The program will expire on June 30, 2021. As of March 30, 2021, the company had no shares in treasury within scope available for dividend and 5,135 shares in treasury under other capacities.
CNTus Co Ltd,formerly CNTus Sungjin Co Ltd, is a Korea-based company mainly engaged in the manufacture and sale of air filters and masks. The Company mainly manufactures and sells filters such as air purifier filters, automobile air conditioner filters, and vacuum cleaner filters, among others; and subsidiary materials such as melt blown fabrics, among others. In addition, the Company produces and sells health masks and industrial masks.