Dongil Metal Co., Ltd. announces an Equity Buyback for KRW 500 million worth of its shares.
February 23, 2017 at 11:33 am IST
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Dongil Metal Co., Ltd. (KOSDAQ:A109860) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholders’ value through the stability of stock price. The program is valid until February 22, 2018. As of February 22, 2017, the company had 510,900 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
DONGIL METAL CO., LTD. is a Korea-based company engaged in the manufacture of steel casting products used for construction machineries. The Company's product portfolio consists of excavator components and crawler crane components. Its excavator components include idler assemblies, track spring assemblies, rear bearings, center bearings and boom bearings. Its crawler crane components include track shoe assemblies, boom joints, tumblers and idlers. The Company distributes its products within domestic market and to overseas markets.
DONGIL METAL CO., LTD. 
