Kyungbang Co.,Ltd announces an Equity Buyback for 190,000 shares.
April 05, 2019 at 03:21 am EDT
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Kyungbang Co.,Ltd (KOSE:A000050) announces a share repurchase program. Under the program, the company will repurchase up to 190,000 shares. The purpose of the program is to enhance shareholder value by stabilizing share price. The program will continue until July 5, 2019. As of April 4, 2019, the company had 470,000 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
KYUNGBANG CO.,LTD is a Korea-based company principally engaged in the manufacture and distribution of fabric products. The Company's products mainly consist of pure combed cotton yarns, synthetic spun yarns, blended yarns and specialty yarns, which are used for beddings, casual knitwear, sweaters, dress shirts, pants, inner wear and others. It also provides melange yarns, blended melange yarns, micro melange yarns, as well as mercerized yarn products, such as tweed and space-dyed yarns. In addition, the Company is involved in the operation of department business, and provision of real estate leasing services and others. The Company distributes its products within domestic market and to overseas markets.