Dongil Industries CO., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
July 16, 2019 at 02:42 am EDT
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Dongil Industries CO., Ltd. (KOSE:A004890) 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 trust contract with Daishin Securities Co. Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The share repurchase program is valid until July 15, 2020. As of July 16, 2019, the company had 258,540 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
DONGIL INDUSTRIES CO., LTD is a Korea-based company engaged in the manufacture of steel products. The Company mainly provides three categories of products: steel bars, including hot rolled steel bars, peeling bars and reinforced concrete bars; alloyed steels, including ferro manganese, silicon manganese and ferro silicon, and casting steels, which are used for heavy equipment, such as excavators, wheel loaders and others. It also provides steel by-products and others. The Company distributes its products within domestic market and to overseas markets, including Japan, China and others.
DONGIL INDUSTRIES CO.,LTD. 
