Willings Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
June 24, 2022 at 06:27 am IST
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Willings Co., Ltd. (KOSDAQ:A313760) announces a share repurchase program. Under the program, the company will repurchase up to ¥2,000 million worth of its shares pursuant to a trust agreement with DB Financial Investment Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until December 24, 2022.
As of June 23, 2022, the company had no common shares in treasury through buyback within dividend capacity or through other acquisitions.
Carry Co Ltd, formerly Willings Co Ltd, is a Korea-based company mainly engaged in new and renewable energy business. The Company operates its business through two segments. The Renewable Energy segment manufactures and sells photovoltaic power generation systems and energy storage system (ESS), and also conducts EPC projects that provide engineering, procurement, and construction services. The Power Solution segment manufactures and sells power conversion devices including heating inverters, power conversion devices for ship water treatment, instantaneous temperature control devices for direct water purifiers, battery packs for communication, and electric vehicle chargers.