Tranche Update on Kodaco Co., Ltd's Equity Buyback Plan announced on October 31, 2018.
February 08, 2019 at 08:03 am
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From October 31, 2018 to December 31, 2018, the company has repurchased 876,012 shares, representing 2.3% for KRW 1,985.79 million. With this, the company has completed the repurchase of 876,012 shares, representing 2.3% for KRW 1,985.79 million under the buyback announced on October 31, 2018.
KODACO Co., Ltd. is a Korea-based company engaged in the manufacture of automobile components. The Company operates its business through two divisions: automobile components division, which produces engine parts including throttle bodies, water pump housings, cooling fan housings, oil pumps, oil pans, balance shaft housings and others; transmission parts, such as valve bodies, solenoid valve housings, covers, extension housings, pistons and others; steering parts, such as rack housing subassemblies, steering columns, power steering pump bodies and valve housing subassemblies; compressor parts, such as compressor heads and cylinders, as well as other products, such as filter housings, and communications division, which provides wireless fidelity (WiFi) phones.