Cowell Fashion Decides to Cancel 2 Million Treasury Shares After Acquisition

by Keum Boryeong

Published 09 Mar.2020 13:33(KST)

[Asia Economy Reporter Geum Bo-ryeong] Cowell Fashion announced on the 9th that it has decided to acquire 2 million treasury shares worth 9.65 billion KRW for profit cancellation.

The expected acquisition period is until June 9.

Along with this, Cowell Fashion also announced its decision to cancel 2 million shares. The scheduled cancellation date is June 10.

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Cowell Fashion explained, "There will be no reduction in capital stock due to the cancellation of treasury shares acquired with distributable profits."

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