Sejin Heavy Industries Co., Ltd. announces an Equity Buyback for 1,151,181 shares.
March 19, 2020 at 02:17 am EDT
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Sejin Heavy Industries Co., Ltd. (KOSE:A075580) announces a share repurchase program. Under the program, the company will repurchase up to 1,151,181 shares, pursuant to a contract with Mirae Asset Daewoo Securities. The purpose of the program is to increase the shareholder value and stabilize stock performance. The repurchase program will expire on June 19, 2020. As of March 18, 2020, the company had 268,066 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Sejin Heavy Industries Co Ltd is a Korea-based company mainly engaged in the manufacture of ship components. The Company operates its business through two segments. The Shipbuilding segment manufactures deck houses including engine casings, funnels, radar masts and wing bridges, liquefied petroleum gas (LPG) tanks, upper deck units for crude oil tankers, product carriers, chemical tankers and LPG carriers, ring blocks, gorgons, engine rooms and others. The Plant segment manufactures living quarters, burner booms, flare towers and clare ridges. The Company distributes its products in domestic and overseas markets.
SEJIN HEAVY INDUSTRIES CO., LTD. 
