Motrex Co.,Ltd announces an Equity Buyback for 200,000 shares.
September 04, 2017 at 01:14 pm IST
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Motrex Co.,Ltd (KOSDAQ:A118990) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose of repurchase program is to improve shareholder value and to stabilize stock price. The repurchase program will be valid till September 29, 2017. As of September 3, 2017, the company had 2 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
MOTREX.CO.,LTD is a Korea-based company principally engaged in the manufacturing and distribution of automation parts. The Companyâs products include audio visual navigation (AVN), audio video (AV), rear seat entertainment (RSE), around view monitor (AVM), head up display (HUD), application key, car telematics, driver health monitoring, automotive intelligent docking adaptor (AIDA) and dash camera. The Company distributes its products within domestic market and to overseas markets.
MOTREX CO., LTD 
