Daelim B&Co Co.,Ltd. announces an Equity Buyback for 166,722 shares.
March 19, 2020 at 04:05 am EDT
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Daelim B&Co Co.,Ltd. (KOSE:A005750) announces a share repurchase program. Under the program, the company will repurchase up to 166,722 shares. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on June 19, 2020. As of March 18, 2020, the company had 166,722 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Daelim B&Co CO.,Ltd. is a Korea-based company engaged in the manufacture of sanitary wares and related products. The Company mainly provides bathroom wares, including bidets, faucets, bath suites and others. It also provides clean services, bathroom remolding services, and sanitary wares rental services. The Company distributes its products to sales agencies, construction companies and others.