Ilshin Spinning Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
October 28, 2019 at 07:12 am
Share
Ilshin Spinning Co., Ltd (KOSE:A003200) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 2,000 million worth of its shares under the contract with Woori Bank. The purpose of the program is to stabilize the share price. The program will be valid until November 4, 2020. As of October 27, 2019, the company had 119,701 shares in treasury under the dividend capacity and no shares in treasury under other buyback.
ILSHIN SPINNING CO., LTD is a Korea-based company principally engaged in the manufacture of textiles. The Company operates in five business divisions. Its textile division provides three categories of textiles: yarns, including combed cotton yarns, core spun yarns and blended yarns; dyed yarns and dyed fabrics, including rayon-blended yarns, cotton yarns, cotton knitted fabrics, cotton-blended fabrics and others, as well as fabric products. Its cosmetics division distributes cosmetics under the brand name of THE BODY SHOP. Its investment division involves in the venture capital business. Its wine division imports overseas wines and distributes them to domestic market. Its property leasing division involves in the leasing of commercial and industrial buildings.
ILSHIN SPINNING CO., LTD 