ESang Networks Co.,Ltd announces an Equity Buyback for KRW 2,500 million worth of its shares.
October 01, 2018 at 10:21 pm EDT
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eSang Networks Co.,Ltd (KOSDAQ:A080010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of shares, under the contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to improve shareholder value through stock price stabilization. The program will be valid until October 2, 2019. As of October 1, 2018, the company had 180,969 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
eSang Networks Co.,Ltd is a Korea-based company mainly engaged in the electronic commerce. Along with subsidiaries, the Company operates its business through three segments. The Service segment is engaged in electronic commerce, exhibition and information technology (IT) business. The Steel segment is engaged in the procurement, manufacturing and procurement of steel products. The Other segment is engaged in real estate leasing.
ESANG NETWORKS CO.,LTD 
