Winhitech Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
July 29, 2019 at 10:26 pm EDT
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Winhitech Co., Ltd. (KOSDAQ:A192390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million pursuant to a trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The share repurchase program is valid until January 29, 2020. As of July 29, 2019, the company had 297,124 shares in treasury within scope available for dividend and had 508 shares in treasury through other repurchase.
WINHITECH CO., Ltd. is a Korea-based company principally engaged in the manufacture and sale of metal deck plates used as construction materials. The Companyâs products portfolio consists of extra decks, tox decks, dream decks, alpha decks, ace decks, as well as form decks, among others. The Company mainly distributes its products within domestic market. The Companyâs clients include LOTTE Engineering & Construction Co.,Ltd, DAEWOO ENGINEERING & CONSTRUCTION CO.,LTD, Shinsegae Engineering & Construction C.,Ltd and others.