KD Chem Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
September 05, 2019 at 03:15 am EDT
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KD Chem Co., Ltd. (KOSDAQ:A221980) 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 Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 4, 2020. As of September 4, 2019, the company had 124,838 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KDCHEM CO., LTD. is a Korea-based company mainly engaged in the manufacturing of organic liquid stabilizers. Organic liquid stabilizer is an additive that is mixed with polyvinyl chloride (PVC) resin during the processing of PVC products. The Company's products consist of Cd-Ba-Zn type stabilizers, Ba-Zn type stabilizers, Ca-Za type stabilizers and K-Zn type stabilizers as well as other stabilizers which used as secondary stabilizers. The Company distributes its products within domestic market and to overseas markets.
KD CHEM CO., LTD. 
