S.Korea's Amorepacific Group, affiliate soar on share buyback plan

Amorepacific

20/02/2019 05:16

** South Korea's beauty conglomerate Amorepacific Group
 002790.KS  and its main affiliate Amorepacific Corp  090430.KS 
jump on share buyback plan
    ** The group shares soar 9.5 pct, while those of its
affiliate add 7.3 pct, respectively, after they announce share
buyback plans in regulatory filings
    ** Amorepacific Group will repurchase 50 billion won ($44.57
million) worth of treasury stocks for three months from
Thursday, while the affiliate will buy back 100 billion won
worth of treasury stocks during the same period   
    ** The broader KOSPI market  .KS11  was trading up 0.8 pct
    ($1 = 1,121.9000 won)

 ((hayoung.choi.thomsonreuters.com@reuters.net))