Hanssem Co., Ltd. announces an Equity Buyback for 337,837 shares.
March 24, 2022 at 02:08 pm IST
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Hanssem Co., Ltd. (KOSE:A009240) announces a share repurchase program. Under the program, the company will repurchase up to 337,837 shares. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price.
The repurchase program will expire on June 24, 2022. As of March 23, 2022, the company had 6,599,910 shares within scope available for dividend and had no shares in treasury through other repurchase.
Hanssem Co Ltd is a Korea-based company primarily engaged in the manufacture and sale of kitchen and interior furniture. The Company operates its business through three segments: the Kitchen Furniture segment, the Interior Furniture segment and the Other segment. The Company provides furniture used for kitchens, bedrooms, living rooms, bathrooms and other spaces, such as beds, book cases, desks and sofas, chairs, dressers and others. It also provides allied furniture packages and related materials, as well as remodeling services. It is also engaged in the provision of real estate consulting services, and sales of other food. The Company distributes its products through shopping malls, internet shopping malls, sales agencies and interior alliance stores, as well as to overseas markets.