Hwacheon Machinery Co., Ltd. announces an Equity Buyback for 1,100,000 shares.
March 16, 2020 at 07:25 am
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Hwacheon Machinery Co., Ltd. (KOSE:A010660) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares. The purpose behind the program is to improve shareholder value. The repurchase program will expire on June 16, 2020. As of March 15, 2020, the company had 1,100,000 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
HWACHEON MACHINERY CO.,LTD is a Korea-based company mainly engaged in the manufacture and distribution of machine tools. The Companyâs products consist of machine centers, including vertical, horizontal and multi-tasking machine centers; computer numerical control (CNC) turning centers, including vertical, horizontal, twin-spindle and process-integrated turning centers; general and special purpose machines, including lathes, milling machines, grinding machines and drilling machines, and automobile parts, such as engine parts, cylinder blocks, cylinder heads and crank shafts. The Company distributes its products within domestic market and to overseas markets.