Tranche Update on Bubang Co., Ltd.'s Equity Buyback Plan announced on March 19, 2020.
June 23, 2020 at 08:32 pm EDT
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From April 1, 2020 to June 19, 2020, the company has repurchased 404,638 shares, representing 0.76% for KRW 846.79 million. With this, the company has completed the repurchase of 669,741 shares, representing 1.26% for KRW 1,235.65 million under the buyback announced on March 19, 2020.
Bubang Co.,Ltd., formerly LiHOM-CUCHEN CO.,LTD., is a Korea-based company mainly engaged in the manufacture and sale of household appliances and electronic components. The Company operates its business through three divisions: distribution division, living division and electronic component division. Its distribution division engages in the operation of Anyang e-mart and sale of necessaries. Its living division manufactures and distributes pressure cookers, dryers, humidifiers and other household electrical and electronic equipment. Its electronic component division provides crystal units, such as surface mount devices (SMDs), home solutions and others.