Dong Yang Piston Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 11, 2018 at 07:47 pm EST
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Dong Yang Piston Co., Ltd. (KOSE:A092780) 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 IBK Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on May 11, 2019. As of November 11, 2018, the company had no shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
Dongyang Piston Co.,Ltd is a Korea-based company principally engaged in the manufacture and distribution of engine pistons for internal combustion engines. The engine piston is a part that transmits power to the crankshaft through the connecting rod at high-temperature and high-pressure combustion energy generated by ignition of the mixer (air and fuel) in the engine cylinder. It provides engine pistons for passenger vehicles, commercial vehicles, industrial vehicles, military vehicles, marines, motorcycles and agricultural machineries. The Company distributes its products within domestic market and to overseas markets.
DONG YANG PISTON CO., LTD. 