YooSung T&S Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
October 30, 2018 at 02:05 pm IST
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YooSung T&S Co., Ltd (KOSDAQ:A024800) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 2,000 million worth of its shares under the contract with Korea Development Bank. The purpose of the program is to stabilize stock price. The program will be valid until April 30, 2019. As of October 29, 2018, the company had 3,637,753 shares in treasury under the dividend capacity and no shares in treasury under other buyback.
YOOSUNG T&S CO., LTD is a Korea-based company mainly engaged in the logistics and steel products manufacturing businesses. The Company operates its business through three main divisions: logistics division, steel division and distribution division. Its logistics division provides road and railway transportation of steel products, containers and other bulk cargos; harbor services, including loading and unloading services; vehicle maintenance and repair services; gas filling services, as well as office rental services. Its steel division manufactures steel pipes, steel sheets and others, which are used for bridges, ships, steel structures, automobiles, factories, ports and others. Its distribution division operates resting places, which distribute food, beverages and others. It also provides heat exchangers, as well as sells electrical and gas air conditioners.
YOOSUNG T&S CO., LTD 
