Industry
Tovis to buy back 2 billion won in shares and cancel all
Tovis will acquire 2 billion won worth of treasury shares and cancel all of them, the company said on Jan. 9. It decided the plan at a board meeting and disclosed it. The buyback will be carried out through on-exchange purchases from Jan. 12 to Feb. 20. Tovis said it will cancel all shares as soon as the acquisition is completed. It previously announced a three-year shareholder return policy and cancelled 779,797 shares on Jan. 7.
