Daejung Chemicals & Metals Co.,Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 22, 2020 at 08:46 pm EDT
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Daejung Chemicals & Metals Co.,Ltd. (KOSDAQ:A120240) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 23, 2020. As of March 22, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
DAEJUNG CHEMICALS & METALS CO., LTD. is a Korea-based company mainly engaged in the provision of chemicals for reagents. The Companyâs products portfolio consists of reagents, including general analytical reagents, high-purity reagents, reagents for measuring toxic metals, Karl Fischer moisture measurement reagents and others; raw materials for medicines, including acetone, ammonium chloride, barium nitrate and others, as well as solvents for high performance liquid chromatography (HPLC). It also produces multi-purpose complex metal oxides, including energy materials such as solar cell materials, capacitor materials and others; functional materials such as cosmetic materials and nano materials, as well as precious metal compounds.