Miwon Chemicals Co., Ltd. announces an Equity Buyback for 40,000 shares.
October 14, 2016
Share
Miwon Chemicals Co., Ltd. (KOSE:A134380) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares for a total of KRW 2,776 million. The purpose of the share repurchase program is to stabilize and enhance shareholder's value of share price. The maximum number of shares that the company may repurchase on any day is 14,278 shares. The share repurchase program is valid until January 16, 2017. As of October 13, 2016, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Miwon Chemicals Co., Ltd. is a Korea-based company principally engaged in the manufacturing and sale of chemical products. The Company's product portfolio consists of sulfur related products, including sulfur, refined and fuming sulfuric acids, and others, which are used for cements, pulps, fertilizers, printed circuit boards (PCBs) and others under the brand name of MIDAS, as well as surface active agents, including sulphonic acids, ethanolamine, alkyl sulfate products and others, which are under the brand names of MICOLIN, LAS and others. In addition, the Company is involved in the provision of rubber chemicals. The Company distributes its products within domestic market and to overseas markets.
MIWON CHEMICALS CO., LTD. 
