Daelim B&Co Co.,Ltd. announces an Equity Buyback for KRW 700 million worth of its shares.
May 19, 2020 at 03:47 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 KRW 700 million worth of its shares pursuant to trust contract with Yuanta the Securities Korea Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on November 20, 2020. As of May 19, 2020, the company had 333,444 treasury shares within the 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.