Daelim Trading Co., Ltd. announces an Equity Buyback for KRW 800 million worth of its shares.
March 23, 2020 at 08:17 am
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Daelim Trading Co., Ltd. (KOSE:A006570) announces a share repurchase program. Under the program, the company will repurchase up to KRW 800 million worth of its own shares pursuant to a contract with Shinhan Investment Corp. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 23, 2021. As of March 22, 2020, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Daelim Trading Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of building materials together with its subsidiaries. The Companyâs products portfolio consists of faucets, including washbasin faucets, tub faucets, sink faucets, general faucets, accessories and others, shower booths, bathtubs, steam sauna pools, bidets and others. It is also engaged in the manufacture of flatware, such as spoons, forks, knives and others, and kitchenware, such as stainless steel cookware, pressure cookers, mixing bowls, kettles and others. The Company distributes its products within domestic market and to overseas markets. Its affiliated companies are mainly engaged in the distribution of construction materials, cookware and home appliances, and investment of securities.
DAELIM TRADING CO., LTD. 
