Tranche Update on Cenit Co., Ltd's Equity Buyback Plan announced on March 18, 2020.
May 13, 2020 at 01:30 am EDT
Share
From March 18, 2020 to May 8, 2020, the company has repurchased 1,400,000 shares, representing 4.14% for KRW 2,086.92 million. With this, the company has completed the repurchase of 1,400,000 shares, representing 4.14% for KRW 2,086.92 million under the buyback announced on March 18, 2020.
Cenit Co., Ltd., together with its subsidiary, is a Korea-based company engaged in the manufacture of ready-mixed concretes (Remincons) and stainless steel plates. The Company mainly provides stainless steel plates, which are used in machine equipment, power generation equipment, industrial equipment, automobiles, electronics and others. It also engages in the operation of movie theaters. Through its subsidiaries, the Company is engaged in the manufacture and sales of Remincons, and canned kimchi, a kind of Korea pickles. On September 1, 2013, it merged with DaejeonGaoCinema Co.,Ltd., a Korea-based company mainly engaged in the real estate rental and supply business. After that, DaejeonGaoCinema Co.,Ltd. was dissolved.
CENIT CO., LTD 
