Tranche Update on Samyung Trading Co., Ltd.'s Equity Buyback Plan announced on December 17, 2018.
February 28, 2019 at 10:45 am IST
Share
From January 1, 2019 to February 22, 2019, the company has repurchased 190,000 shares, representing 1.08% for KRW 2,756.6 million. With this, the company has completed the repurchase of 300,000 shares, representing 1.71% for KRW 4,338.46 million under the buyback announced on December 17, 2018.
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.