Electrical Equipment Joint Stock Company announces an Equity Buyback for 4,800,000 shares, representing 9.84% of its issued share capital.
August 22, 2018 at 02:13 pm IST
Electrical Equipment Joint Stock Company (HOSE:THI) announces a share repurchase program. Under the program, the company will repurchase up to 4,800,000 shares, representing 9.84% of its outstanding shares. The purpose of the buyback is to stabilize company’s stock price and bring benefits to shareholders. The repurchased shares will be transferred to treasury. The plan is valid for 30 days, up to September 20, 2018.