Motrex disclosed Thursday that it has signed a 5 billion won ($3.57 million) share buyback trust agreement with Daishin Securities to stabilize its share price and enhance shareholder value.
The contract runs through Aug. 20, 2027.
"The treasury shares acquired under this agreement are scheduled to be canceled following the prescribed procedures upon termination of the trust contract," the company said.
jiyoon436@heraldcorp.com
