Huvitz Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 06, 2019 at 08:55 am IST
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Huvitz Co., Ltd. (KOSDAQ:A065510) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million under the contract with Hanwha Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and increase shareholder value. The program will be valid until March 5, 2020. As of March 5, 2019, the company had 289,170 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Huvitz Co., Ltd. is a Korea-based company engaged in the manufacture of optic precision equipment. The Companyâs products include ophthalmic and optical equipment as well as micro scope systems. Its ophthalmic and optical equipment consists of refractive instruments, such as auto ref-keratometers, auto lens meters, digital refractors, chart projectors and unit tables; diagnostic instruments, such as slit-lamps, non-contact tonometers and applanation tonometers, as well as lens-edging instruments. Its microscope systems consist of stereo microscopes, upright microscopes and imaging solutions. The Company distributes its products within domestic market and to overseas markets, including America, Europe and Japan.
HUVITZ CO., LTD. 
