Tranche Update on Daechang Co., Ltd.'s Equity Buyback Plan announced on March 27, 2020.
June 25, 2020 at 09:39 pm EDT
Share
From March 27, 2020 to March 31, 2020, the company has repurchased 50,000 shares, representing 0.07% for KRW 46.92 million. With this, the company has completed the repurchase of 50,000 shares, representing 0.07% for KRW 46.92 million under the buyback announced on March 27, 2020.
DAECHANG CO., LTD. is a Korea-based company engaged in the manufacturing of non-ferrous metal products. The Companyâs products include free cutting brass rods, forged brass rods, high-strength brass rods, dezincification resistance brasses, lead free brasses, copper anodes and others. The Companyâs products are used as raw materials for semiconductor, electrical, electronic, automobile, shipbuilding, industrial machine and other industries. The Company distributes its products within domestic market and to overseas markets. On December 26, 2013, it acquired additional shares of TAEWOO, a Korea-based company engaged in the rolling and extruding of copper. It held a 65.6% stake in the target company after the transaction.
DAECHANG CO., LTD. 
