The Korea Herald

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Avaco to repurchase shares worth W5b

By 박윤아

Published : Aug. 19, 2016 - 14:31

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[DISCLOSURE] Avaco (083930) said Aug. 19 it has signed a trust contract with Kyobo Securities (030610) to repurchase its shares to the tune of 5 billion won (US$4.47 million) to stabilize its stock price and boost shareholder value. 

The contract expires on Feb. 17, 2017.

By Park Yuna (yunapark@heraldcorp.com)