Dongyang S.Tec Co.,Ltd announces an Equity Buyback for 100,000 shares.
March 25, 2020 at 02:53 am EDT
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Dongyang S.Tec Co.,Ltd (KOSDAQ:A060380) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on June 25, 2020. As of March 24, 2020, the company had 100,000 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
DongYang S.Tec Co Ltd is a Korea-based company principally engaged in the manufacture and sale of steel products. The Company operates its business through four segments. The Steel Product Manufacturing segment manufactures and sells steel products including thin plates, thick plates and others. The Waste Treatment segment is engaged in the construction waste disposal, collection transportation, and dismantling of scaffolding structures. The Metal Machine Manufacturing and Material Processing segment is involved in the metal material processing and precision cutting machine manufacture and sales. The Steel Structure Construction Division segment is engaged in the steel structure construction, steel frame construction, photovoltaic power generation construction and others.