The Korea Herald

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Cowell Fashion inks trust contract for W3b repurchase

By 윤정현

Published : Sept. 19, 2016 - 17:24

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[DISCLOSURE] Cowell Fashion (033290) announced on Sept. 19 that it has signed a trust contract with Meritz Securities (008560) to repurchase stocks worth 2.98 billion won (US$2.66 million). 

The repurchase aims to stabilize its stock price and boost shareholders’ value. The stock acquisition is expected to expire Dec. 19.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)