Pavonine Co., Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
July 21, 2022 at 12:13 pm IST
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Pavonine Co., Ltd. (KOSDAQ:A177830) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with Shinhan Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price.
The program will expire on January 21, 2023. As of July 20, 2022, the company had 1,356,175 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
PAVONINE CO., LTD. is a Korea-based company principally engaged in the home appliance exterior parts. The Companyâs main products portfolio consists of television (TV) exterior parts, such as TV frames, stands and others; medical equipment exterior parts, such as X-ray equipment assemblies and others; home appliance parts, such as refrigerator handles and others, as well as other home appliance interior and exterior parts, among others. In addition, it is involved in the provision of semi-finished products and scraps. The Companyâs main clients include Samsung Electronics, LG Electronics, ThomsonMedia, YASKAWA and others.