Taihan Textile Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
February 19, 2019 at 01:57 pm IST
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Taihan Textile Co., Ltd. (KOSE:A001070) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 3,000 million worth of its shares under the contract with Eugene Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value through stock price stabilization. The program will be valid until August 19, 2019. As of February 18, 2019, the company had 213,888 shares in treasury under the dividend capacity and 10 shares in treasury under other capacities.
TAIHANTEXTILE CO., LTD is a Korea-based company mainly engaged in the weaving, spinning and dyeing of fabrics. The Company operates its business in two segments: textile and construction. Its textile segment produces yarns such as cotton yarns, fancy yarns, vortex spinning yarns, velour yarns, melange yarns and slub yarns used for undershirts under the brand name of White Horse, as well as fabrics such as cotton woven fabrics and knit fabrics used for military uniforms, bedding interiors, shirts and jackets under the brand name RAINBOW. Its construction segment is mainly engaged in the construction of apartments. The Company distributes its products within domestic market and to overseas markets.
TAIHAN TEXTILE CO., LTD. 
