GRITEE, Inc. (KOSDAQ:A204020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of own shares pursuant to a contract with Daishin Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 16, 2020. As of March 15, 2020, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.
GRITEE, Inc., formerly M CORSET, Inc. is a Korea-based company principally engaged in the manufacturing and sale of women's underwear. The Companyâs product profile consists of brassieres, panties, girdles, body suits, negligees and leggings. In addition, the Company provides men's panties, running shirt and others. These products are sold under the brand names of Wonderbra, Playtex, Crocodile, Just My Size, Missing Dorothy, Maidenform, Himico, Dr.Miz, among others. The Company distributes its products within domestic market and to overseas markets, such as America and other Asian countries. Its main subsidiaries are inclusive of M Global, Inc., Dr. MIZ KOREA. Inc. and others.
GRITEE, INC. 