Tranche Update on MH Ethanol Co.,Ltd.'s Equity Buyback Plan announced on September 4, 2018.
October 22, 2018 at 01:53 pm IST
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From October 1, 2018 to October 18, 2018, the company has repurchased 38,277 shares, representing 0.52% for KRW 219.24 million. With this, the company has completed the repurchase of 111,474 shares, representing 1.51% for KRW 650.88 million under the buyback announced on September 4, 2018.
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.