Chosun Seonjae Signs Trust Contract for Acquisition of Treasury Shares Worth 4 Billion KRW

[Asia Economy Reporter Kang Nahum] Chosun Wire & Cable announced on the 18th that it has signed a trust contract with KB Securities to acquire its own shares worth 4 billion KRW.

The purpose of the contract is to stabilize the stock price and enhance shareholder value. The contract period is until June 17, 2021.