Tranche Update on SAMYOUNG M-Tek Co., Ltd's Equity Buyback Plan announced on August 6, 2019.
August 07, 2020 at 10:38 am IST
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From January 1, 2020 to March 31, 2020, the company has repurchased 145,000 shares, representing 1.14% for KRW 424.23 million. With this, the company has completed the repurchase of 245,000 shares, representing 1.92% for KRW 738.42 million under the buyback announced on August 6, 2019.
SAMYOUNG M-Tek Co. Ltd is a Korea-based company engaged in the manufacture of cast steel products. The Company's products consist of bridge bearings, including elastic bearings, port plates, lead rubber bearings, spherical bearings, quake resistant bearings and others; ship building parts, including main bearing supports, chain wheels and cylinder covers; steel structures, including bridges, tower saddles and strand shoes; industrial plant equipment, including roll chocks and trunnion shafts; construction equipment, including track shoes, flanges, brackets and sprockets; power plant equipment, such as planet carriers, and other parts, including couplers, axle housings, side frames, bolsters, mono rail shoes and others.