Taekwang said Wednesday it had decided to enter into a share buyback trust agreement with Samsung Securities worth 10 billion won (about $6.59 million) to stabilize its share price and enhance shareholder value.

The contract runs from June 11 through Oct. 12.

"Shares acquired through this trust will be retired following the prescribed procedures after the trust agreement expires," the company said.


jiyoon436@heraldcorp.com