FOODWELL Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
October 25, 2021
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FOODWELL Co., Ltd. (KOSDAQ:A005670) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares, pursuant to a trust contract with SK Securities Co., Ltd. The purpose of the program is to stabilize stock price and enhance the value of shareholders. The program will expire on October 31, 2022.
As of October 24, 2021, the company had 259,920 shares in treasury within scope available for dividend and had 698 shares in treasury under other acquisitions.
FOODWELL Co., Ltd. is a Korea-based company engaged in the food processing business. The Companyâs products consist of fruit juice syrups, including strawberries, peaches, apples, grapes, blueberries, pineapples and kiwis; beverages, such as coffee, vitamin drinks, green tea and other fruit juices; canned and bottled goods, such as canned peach, canned apple and others; chestnuts products, including peeled chestnuts, canned chestnuts and chestnut pastes; frozen products including dumplings and fruits, as well as jams, juice concentrates, purees and others. The Company mainly supplies its products to DONGWON F&B, BINGGRAE, CJ, LOTTEMILK and LOTTE CHILSUNG BEVERAGE. The Company distributes its products within domestic market and to overseas markets.
FOODWELL CO., LTD. 
