Kyungbang Co.,Ltd announces an Equity Buyback for 240,000 shares.
October 29, 2018 at 03:37 am EDT
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Kyungbang Co.,Ltd (KOSE:A000050) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares. The purpose of the program is to improve shareholder value through stock price stabilization. The program will be valid until January 29, 2019. As of October 28, 2018, the company had 230,000 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.