HiteJinro Holdings Signs Trust Contract for Acquisition of Treasury Shares Worth 7.5 Billion KRW
[Asia Economy Reporter Myunghwan Lee] Hite Jinro Holdings announced on the 27th that it has signed a trust contract for the acquisition of treasury stocks worth a total of 7.5 billion KRW to stabilize the price of its own shares.
Hite Jinro Holdings signed a trust contract for the acquisition of treasury stocks worth 6.5 billion KRW with Hanwha Investment & Securities. The contract period is from October 2, 2024, to October 2, 2042.
It also decided on a trust contract for the acquisition of treasury stocks worth 1 billion KRW with Hana Securities. The contract period is from October 7, 2024, to October 7, 2032.
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The company explained that this contract is "an extension of the trust contract for the acquisition of treasury stocks announced on September 7, 2012."
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