07 December, 2006

Korea: Hite Brewery jumps on share buyback plan

Shares in South Korea's top brewer rose 3.04 percent to 118,500 won, after it said late on Tuesday it would buy back shares worth 20.25 billion won ($21.86 million) to shore up the share price, according to Reuters on December 6.

Hite Brewery said in a filing with the Korea Exchange it would conduct the share buyback between Dec. 8 and March 7, 2007.

As of 0129 GMT, the main KOSPI was down 0.62 percent to 1,411.80, as exporters pared early gains after the won rose to its highest in more than nine years against the dollar.

Înapoi

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