Kyungdong City Gas Co., Ltd. announces an Equity Buyback for KRW 15,000 million worth of its shares.
February 23, 2016
Share
Kyungdong City Gas Co., Ltd. (KOSE:A012320) announces a share repurchase program. Under the program, the company will repurchase up to KRW 15,000 million worth of its shares under the contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value. The program will be valid till August 28, 2016.
As of February 23, 2016, the company had nil shares in treasury under the dividend capacity and 811 shares in treasury under other capacities.
KYUNGDONG INVEST CO., LTD., formerly KYUNGDONG CITY GAS CO., LTD., is a Korea-based company engaged city gas business. The Company supplies liquefied natural gas (LNG) to residential, commercial and industrial customers in Ulsan city and Ansan city. It also sells gas boilers, and provides compressed natural gas (CNG) charging services. Through its subsidiaries, it is involved in the LNG piping works, high pressure works, water and sewage equipment engineering, logistics services, such as warehouse services, logistics management and others, provision of city gas safety management services (SMSs), as well as civil engineering and building construction, such as road, railways and apartments, among others. On March 31, 2014, the Company established a wholly owned subsidiary, engaged in the development business.
KYUNGDONG INVEST CO., LTD 
