YooSung TNS Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
November 10, 2016 at 01:55 pm IST
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YooSung TNS Co., Ltd. (KOSDAQ:A024800) announces a share repurchase program. Under the program, the company will repurchase up to 3,000 million worth of its shares under a contract with Korea Development Bank. The purpose of the program is to stabilize the stock price and to increase shareholders’ value. The program will be valid till May 10, 2017. As of November 9, 2016, the company has 1,563,624 shares in treasury within scope available for dividend and had 963,770 shares in treasury through other repurchase.
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 
