Kyungin Synthetic Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
February 28, 2024 at 08:44 pm EST
Share
Kyungin Synthetic Co., Ltd. (KOSE:A012610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares according to the contract with Hana Securities CO.,LTD. The purpose of the program is stock price stabilization and shareholder value enhancement. The program will expire on February 28, 2025.
As of February 28, 2024, the company had 99,600 shares in treasury within the scope available for dividend payable and no shares through other acquisition.
KYUNGIN SYNTHETIC CO., LTD. is a Korea-based company engaged in the manufacture of dyes. The Company and its subsidiaries operate in two segments: dye segment and chemical segment. Its dye segment produces reactive dyes, which include Synozol HB series, Synozol CP series, Synozol CR Series, Synozol K-Series, Synozol Black Series, vinyl sulfone types and others; disperse dyes, which consist of Synozol rapid dye series, acetate eco series, flavine dyes, Synolon polyesters and others; acid dyes, which consist of Synoacid E for dyeing light to medium colors, Synoacid N for dyeing medium to dark colors, as well as Synoacid F, Synoacid M, Synoacid S and others; fluorescent brightener dyes, which include fluorescent brighteners for nylon, paper, detergents, polyester and acryl; direct dyes, as well as other dyes and intermediates, such as leather dyes and solvent dyes. Its chemical segment produces saccharin and others.
KYUNGIN SYNTHETIC CO., LTD. 
