Taekyung Ind. Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
November 01, 2018 at 09:40 am IST
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Taekyung Ind. Co., Ltd. (KOSE:A015890) announces a share repurchase program. Under the program, the company will repurchase KRW 2,000 million under the contract with KB Securities Co., Ltd. The purpose of the program is to enhance shareholder's value by stock price stabilization. The program will be valid until May 1, 2019. As of October 31, 2018, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Taekyung Industrial. Co. Ltd. is a Korea-based company mainly engaged in the manufacture of ferroalloys and calcium carbonates. The Company operates in six segments together with its affiliates. Its ferroalloy segment produces high carbon ferromanganese and silicon manganese used as deoxidizers in the process of making steel products. Its calcium carbonate segment produces high vitality calcium hydroxides, quicklime refineries and others. Its carbon dioxide segment produces liquid carbon dioxides used for beers, carbonated drinks, refrigerants and shipbuilding welding agents. Its bulbs segment produces bulbs used for automobile high definitions (HDs), automobile light emitting dioxides (LEDs) and lightings. Its expressway service segment operates gas stations and rest areas. It also involves in the provision of carbides and warehouse leasing services.
TAEKYUNG INDUSTRY.CO., LTD. 