MH Ethanol Co.,Ltd. announces an Equity Buyback for 100,000 shares.
July 24, 2019 at 12:53 pm IST
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MH Ethanol Co.,Ltd. (KOSE:A023150) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, pursuant to a contract with BNK Securities Co., Ltd. The purpose of the buyback is to stabilize the stock price and to raise shareholder value. The plan will be valid up to October 23, 2019. As on July 24, 2019, the company had 670,000 shares within scope available for dividend and has no shares in treasury through other repurchase.
MH ETHANOL CO., LTD. is a Korea-based company mainly engaged in the manufacture and distribution of alcoholics. The Company produces fermented alcoholics and refined alcoholics, which are used for making distilled spirits. It is also engaged in the production of bio-ethanol and alcohols used for fuels through its subsidiary MH Bio Energy, and tapioca chips and roots used for bio-ethanol manufacturing through its subsidiary CJ Cambodia. The Company also involves in the distillation machinery and facility manufacturing through its affiliated company MH Bio-Tech. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas market.
MH ETHANOL CO.,LTD. 
