Keum Kang Steel Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
January 25, 2018 at 07:13 am
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Keum Kang Steel Co., Ltd (KOSDAQ:A052460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares, pursuant to a contract with Woori Bank. The purpose of the program is to stabilize treasury stock price and investor protection. The program will expire on January 25, 2019. As of January 24, 2018, the company had 1,000,000 shares in treasury within scope available for dividend and 641,125 shares in treasury under other capacities.
KEUM KANG STEEL CO., LTD. is a Korea-based company primarily engaged in the provision of steel sheets and coils. The Company's product portfolio consists of cold-rolled steel sheets, pickling coils, molten galvanized steel sheets, galvanized steel sheets, electro-galvanized steel sheets, hot-rolled galvanized steel sheets and others. The Company's products are used in automobile, electronic appliances, civil engineering, construction and industrial machinery areas. The Company is also engaged in the provision of steel sheet cutting services and real estate rental services. In addition, the Company is involved in the liquid fertilizer business, collecting manure of livestock, and manufacturing of composts.
KEUM KANG STEEL CO., LTD. 
