Tranche Update on YooSung T&S Co., Ltd's Equity Buyback Plan announced on July 25, 2018.
October 30, 2018 at 04:26 am EDT
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From October 1, 2018 to October 23, 2018, the company has repurchased 284,084 shares, representing 1.23% for KRW 873.87 million. With this, the company has completed the repurchase of 733,659 shares, representing 3.16% for KRW 2,436.7 million under the buyback announced on July 25, 2018.
YOOSUNG T&S CO., LTD is a Korea-based company mainly engaged in the logistics and steel products manufacturing businesses. The Company operates its business through three main divisions: logistics division, steel division and distribution division. Its logistics division provides road and railway transportation of steel products, containers and other bulk cargos; harbor services, including loading and unloading services; vehicle maintenance and repair services; gas filling services, as well as office rental services. Its steel division manufactures steel pipes, steel sheets and others, which are used for bridges, ships, steel structures, automobiles, factories, ports and others. Its distribution division operates resting places, which distribute food, beverages and others. It also provides heat exchangers, as well as sells electrical and gas air conditioners.