Kyungbang Co.,Ltd announces an Equity Buyback for 240,000 shares.
October 29, 2018 at 07:37 am
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Kyungbang Co.,Ltd (KOSE:A000050) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares. The purpose of the program is to improve shareholder value through stock price stabilization. The program will be valid until January 29, 2019. As of October 28, 2018, the company had 230,000 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Kyungbang Ltd is a Korea-based company principally engaged in the manufacture and distribution of fabric products. The Company operates its business through three segments. The Complex Shopping Mall Business segment mainly operates times square, hotels, and department stores. The Textile Business segment manufactures and sells products such as yarn, cloth, and apparel. The Other Business segment provides real estate consulting services. The Company sells its products in domestic and overseas markets such as Asia and the Americas.