Daesung Holdings Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 24, 2024 at 08:34 pm EDT
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Daesung Holdings Co., Ltd. (KOSE:A016710) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and to improve the shareholder value. The program will expire on September 25, 2024.
As of March 24, 2024, the company had no shares in treasury within scope available for dividend and under other acquisitions.
DAESUNG HOLDINGS CO., LTD. is a Korea-based holding company engaged in the management of its subsidiaries. The Company's subsidiaries consist of DAESUNG ENERGY CO., LTD., Daesung Private Equity, Inc., Daesung Energy & Environment Co., Ltd., DAESUNGGLOBALNETWORK CO., LTD., Daesung E&C, KYOUNG BUK CITY GAS CO., LTD and others, which are mainly engaged in the natural gas supply and distribution, venture capital investment, land fill gas utilization, telemarketing, communication equipment maintenance, plant piping system construction, residential building construction, and other businesses. The Company also operates in two business divisions. The educational content division provides educational solutions, contents and e-learning related services. The information technology (IT) division provides data processing, system integration, educational contents development, as well as wired telephone and Internet phone services and operates mobile business.
DAESUNG HOLDINGS CO., LTD. 
