IlShinbiobase Co. Ltd. announces an Equity Buyback for 1,350,000 shares.
October 31, 2018 at 08:18 am IST
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ilShinbiobase Co. Ltd. (KOSDAQ:A068330) announces a share repurchase program. Under the program, the company will repurchase up to 1,350,000 shares, pursuant to a contract with Kyobo Securities Co., Ltd. The purpose of the program is to stabilize the stock price and improve shareholder value. The program will expire on January 31, 2019. As of October 30, 2018, the company had 0 shares in treasury within scope available for dividend and 0 shares in treasury under other capacities.
ilShinbiobase Co., Ltd. is a Korea-based company engaged in the manufacture of freezers and freeze dryers used in biotechnology and food industries. The Companyâs products include freeze dryers, which are used for drying of sera, antibiotics, enzymes, laboratory samples and foods; programmable type freeze dryers, which can control temperature, time and vacuum of free dryer systems and used in early stage of researches; deep freezers, which are used for biotechnology industry, and ice makers, which are used in research laboratories. It also provides blood bank refrigerators, pharmaceutical refrigerators, shakers, food processing equipment and others. The Company distributes its products within domestic and to overseas markets.
ILSHINBIOBASE CO. LTD. 
