HDC Hyundai Engineering Plastics Co., Ltd. announces an Equity Buyback for 2,000,000 shares.
April 17, 2019 at 11:46 am IST
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HDC Hyundai Engineering Plastics Co., Ltd. (KOSE:A089470) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 for KRW 9,160 million worth of shares. The purpose of the program is to improve shareholder value. The program will expire on July 16, 2019. As of April 16, 2019, the company had 1,000,000 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.
HDC Hyundai Engineering Plastics Co., Ltd., formerly Hyundai Engineering Plastics Co., Ltd., is a Korea-based company mainly engaged in the manufacture of vehicle attachment materials. The Company operates its business through three divisions: polypropylene (PP) division, polyethylene (PE) division and polystyrene (PS) division. Its PP division produces PP compounds, which are mainly used for automobile exteriors and interiors, as well as electrical and electronics products. Its PE division produces PE compounds, including thermoplastic vulcanizate (TPV), adhesive PE, cross-linked PE, barrier PE, top coated PE and others, which are used for automobiles, cables, sanitary supplies and others. Its PS division produces general purpose PS, high impact PS and expandable PS.
HDC HYUNDAI ENGINEERING PLASTICS CO., LTD. 
