Kukdo Chemical Co., Ltd. announces an Equity Buyback for 120,000 shares.
March 06, 2020 at 01:19 pm IST
Share
Kukdo Chemical Co., Ltd. (KOSE:A007690) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 8, 2020. As of March 5, 2020, the company had 244,289 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KUKDO CHEMICAL Co., Ltd. is a Korea-based company engaged in the manufacture and sale of epoxy and polyamide resins. The Company operates in two segments: epoxy segment and polyol segment. The epoxy segment specializes in the development of epoxy resin products including bisphenol-A epoxy resin, bisphenol-F type epoxy resin, brominated epoxy resin, non-halogen flame retardant epoxy and others used in paints, electrical and electronic parts, aerospace and information technology. The polyol segment offers coating polyols, adhesive polyols, sealant polyols, elastomer polyols, flexible polyols, rigid polyols and others used as building insulation materials, automobile interior materials, waterproofs, adhesives and so on.