Tranche Update on Daechang Co., Ltd.'s Equity Buyback Plan announced on March 27, 2020.
March 24, 2021 at 11:39 am IST
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From January 1, 2021 to March 24, 2021, the company has repurchased 495,746 shares, representing 0.64% for KRW 752.69 million. With this, the company has completed the repurchase of 585,093 shares, representing 0.76% for KRW 836.87 million under the buyback announced on March 27, 2020.
DAECHANG CO., LTD. is a Korea-based company engaged in the manufacturing of non-ferrous metal products. The Companyâs products include free cutting brass rods, forged brass rods, high-strength brass rods, dezincification resistance brasses, lead free brasses, copper anodes and others. The Companyâs products are used as raw materials for semiconductor, electrical, electronic, automobile, shipbuilding, industrial machine and other industries. The Company distributes its products within domestic market and to overseas markets. On December 26, 2013, it acquired additional shares of TAEWOO, a Korea-based company engaged in the rolling and extruding of copper. It held a 65.6% stake in the target company after the transaction.
DAECHANG CO., LTD. 