WINS Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 23, 2020 at 01:56 pm IST
Share
WINS Co., Ltd (KOSDAQ:A136540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its own shares pursuant to a contract with Shinhan Investment Corp. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 22, 2021. As of March 22, 2020, the company had 1,196,503 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Wins Co., Ltd., formerly WINSTECHNET. Co., Ltd, is a Korea-based company principally engaged in the network security business. The Companyâs products portfolio consists of intrusion prevention systems (IPSs), intrusion detect systems (IDSs), unified threat management (UTM) systems, Web application firewalls (WAFs), voice over Internet protocol (VoIP) security systems, anti-distributed denial of service (DDoS) systems, threat management systems (TMSs), fire walls (FWs) and others used to avoid illegal intrusion and provide integrated security management solutions. It also provides security operation services, threat forecast and alert services, security maintenance and management services, as well as computer security emergency response services.
WINS CO., LTD 