Samyung Trading Co., Ltd. announces an Equity Buyback for 769,230 shares.
August 13, 2020 at 01:07 pm IST
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Samyung Trading Co., Ltd. (KOSE:A002810) announces a share repurchase program. Under the program, the company will repurchase up to 769,230 shares pursuant to a contract with Samsung Securities Co., Ltd. and NH Investment & Securities Co. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on November 13, 2020. As of August 12, 2020, the company had 398,521 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Samyung Trading Co., Ltd. is a Korea-based company principally engaged in the distribution of chemical and related products. The Company operates its business through three segments: chemical segment which provides organic and inorganic chemical products such as paints, paint thinners, inks, glues, binders and photo gravure printing chemicals, synthetic leather, urethane and other synthetic resins, medical compositions, chemical reagents, metal detergents and solvents; lens segment which mainly produces and distributes ophthalmic lens and other segment which manufactures and distributes crystal oscillator bases along with its subsidiary Sammyung Precision(Jiaxing) Co.,Ltd., and distributes automobile interior and exterior parts including radiator grilles, emblems, moldings and other lettering works.
SAMYUNG TRADING CO., LTD. 
