Wonpoong Corporation announces an Equity Buyback for 300,000 shares.
March 12, 2020 at 10:53 pm EDT
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Wonpoong Corporation (KOSDAQ:A008370) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on June 12, 2020. As of March 12, 2020, the company had 600,000 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
WONPOONG. Co., Ltd is a Korea-based company mainly engaged in the manufacture of advertising fabrics. The Companyâs products consist of sing-ply roofing waterproofing materials under the brand name of SuperGuard, which are outdoor and indoor roofing membrane with pigments such as ultraviolet (UV) stabilizers, anti-fungicide and others; digital printing media products under the brand name of AnySign AnyFlex, such as backlit, mesh, blockout, polyskin, frontlit and others types; industrial fabrics under the brand name of Super Tarp, such as general tarpaulins, dock seals, container bags, tent tarps, movie screens, print tarps and others, as well as recycle materials under the brand name INNOGREEN. In addition, it is engaged in the wholesale of fabrics, and real estate leasing business.