APR Acquires 60 Billion KRW Worth of Treasury Shares... 'Maximizing Shareholder Value'

Beauty tech company APR announced on the 24th that it has decided to repurchase its own shares on a large scale, amounting to 60 billion KRW, as part of its shareholder-friendly policy.

APR stated that it signed a trust contract for the acquisition of treasury shares on the same day and selected NH Investment & Securities as the trustee. According to the disclosed contract, NH Investment & Securities will acquire APR's treasury shares by December 23, and all shares acquired through this trust contract will be canceled.

APR explained the background of this share repurchase as "confidence in current performance and future growth drivers."

APR's sales in the U.S. in the first quarter of this year increased by 196.4% compared to the same period last year.