Daeyu Co., Ltd. announces an Equity Buyback for KRW 2,500 million worth of its shares.
May 06, 2020 at 09:11 am
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Daeyu Co., Ltd. (KOSDAQ:A290380) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2500 million worth of its shares pursuant to a trust contract with KB Securities. The purpose of the share repurchase program is to enhance shareholder value, stabilization of the stock price and bonus of employees. The share repurchase program is valid until November 20, 2020. As of May 5, 2020, the company had no shares in treasury.
Dae Yu Co., Ltd is a Korea-based company mainly engaged in the production and sale of fertilizers. Along with subsidiaries, the Company operates its business through two segments. The Fertilizer segment is involved in the manufacturing and sale of fertilizers such as compound fertilizers, trace element compound fertilizers and organic material products. The fertilizers can be applied to fruits, vegetables, leafy vegetables, root vegetables and beans. Fertilizers are sold under the names of Daeyunarugen, Purio and Daeyu Mirigun. The Pesticide segment is involved in the manufacturing and sale of growth regulators, crop protection products and tree protection products. In addition, the Company manufactures and sells drugs for animals.
DAE YU CO., LTD. 
