REMED to Retire Shares Worth KRW 1.9 Billion... "Enhance Shareholder Value"
REMED said on the Financial Supervisory Service's electronic disclosure system on Oct. 19 that it would retire 701,519 common shares.
The planned retirement amount is KRW 1,999,515,854, and the total number of shares outstanding after the retirement will be 29,573,494.
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The planned retirement date is Oct. 28. The company said the purpose of the share retirement was to "enhance shareholder value."
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