Wei Chih Steel Industrial Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 0.61% for TWD 967.49 million.
August 11, 2022 at 03:12 pm IST
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Wei Chih Steel Industrial Co., Ltd. (TWSE:2028) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.61% of its issued share capital for TWD 967.49 million. The shares will be repurchased within a price range of TWD 18 per share to TWD 28 per share.
The purpose of the program is to transfer company stock to employees. The program will expire on October 11, 2022. As of August 10, 2022, the company had 0 shares in treasury.
WEI CHIH STEEL INDUSTRIAL CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel products. The Company's main products include steel bars, flat irons, angle irons, U-shaped irons, polished rods, round irons, wire rods, large steel embryos, small steel embryos, steel ingots, shaped steels, alloy steels, tool steels, low-carbon steels, medium carbon steels, high carbon steels, hardware machinery, iron materials, electric materials and other metal materials. In addition, The Company also engages in aircraft and parts manufacturing and waste disposal. The Company distributes its products within the domestic market and to overseas markets.
WEI CHIH STEEL INDUSTRIAL CO., LTD. 
