Tranche Update on Taekyung Ind. Co., Ltd.'s Equity Buyback Plan announced on November 1, 2018.
February 07, 2019 at 12:58 pm IST
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From November 1, 2018 to December 31, 2018, the company has repurchased 320,160 shares, representing 1.56% for KRW 1,785.49 million. With this, the company has completed the repurchase of 320,160 shares, representing 1.56% for KRW 1,785.49 million under the buyback announced on November 1, 2018.
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.