Cenit Co., Ltd announces an Equity Buyback for 1,400,000 shares.
March 18, 2020 at 02:14 pm IST
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Cenit Co., Ltd (KOSDAQ:A037760) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares of its common stock. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The repurchase program will expire on June 18, 2020. As of March 17, 2020, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
Cenit Co., Ltd., together with its subsidiary, is a Korea-based company engaged in the manufacture of ready-mixed concretes (Remincons) and stainless steel plates. The Company mainly provides stainless steel plates, which are used in machine equipment, power generation equipment, industrial equipment, automobiles, electronics and others. It also engages in the operation of movie theaters. Through its subsidiaries, the Company is engaged in the manufacture and sales of Remincons, and canned kimchi, a kind of Korea pickles. On September 1, 2013, it merged with DaejeonGaoCinema Co.,Ltd., a Korea-based company mainly engaged in the real estate rental and supply business. After that, DaejeonGaoCinema Co.,Ltd. was dissolved.
CENIT CO., LTD 
