Hanjin Transportation Co., Ltd. announces an Equity Buyback for KRW 20,000 million worth of its shares.
March 10, 2021 at 03:44 am EST
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Hanjin Transportation Co., Ltd. (KOSE:A002320) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of shares pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose of the program is to increase shareholder value through stock price stabilization. The program is valid till September 12, 2021. As of March 9, 2021, the company had 2 shares in treasury within scope available for dividend and no shares in treasury under other capacities.
HANJIN TRANSPORTATION CO., LTD. is a Korea-based company engaged in the provision of transportation services. The Company mainly operates in land transportation business, which provides truck transportation and railroad transportation; delivery business, which provides door to door parcel services to overseas countries; stevedoring business, engaged in the operation of container yard and container freight stations and the provision of cargo handling services, and marine transportation business, which provides coastal shipping services with radioactive waste ships, container carriers, bulk carriers and others. It also engaged in forwarding, packaging, car rental, warehousing, gas station and third party logistics (3PL) businesses.
HANJIN TRANSPORTATION CO., LTD. 
