Chris F&C will continue to repurchase its own shares this year following the second half of last year to stabilize its stock price and enhance shareholder value.
On the 25th, Chris F&C announced that it has decided to acquire treasury shares worth 5 billion KRW through on-market purchases. The expected acquisition period is from today until September 24.
The company also repurchased treasury shares worth 5 billion KRW in July last year. Chris F&C is making active efforts to enhance shareholder value not only through two consecutive years of share repurchases but also by consistently paying dividends every year.
Chris F&C is a golf apparel specialist company leading the domestic golf market with five golf brands: Parigates, Ping, Phantom, Master Bunny Edition, and St. Andrews.
In January, the company entered the outdoor market by launching the Italian premium sports outdoor brand ‘Hydrogen.’ In the second half of this year, it plans to transform into a total sportswear company by introducing Mammut, one of Europe’s top three sports brands and Switzerland’s number one outdoor brand, into the domestic market.
Chris F&C emphasized, “Starting with Hydrogen, whose first product was launched featuring the trending actor Jeon Jong-seo, we plan to consecutively introduce outdoor brands such as Mammut, which we have been preparing behind the scenes for several years, within this year. We will continue to implement proactive shareholder-friendly policies alongside the company’s growth.”
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