Tranche Update on SAMYOUNG M-Tek Co., Ltd's Equity Buyback Plan announced on August 14, 2020.
November 16, 2020 at 12:36 am
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From August 14, 2020 to September 30, 2020, the company has repurchased 1,208,365 shares, representing 9.59% for KRW 5,959.54 million. With this, the company has completed the repurchase of 1,208,365 shares, representing 9.59% for KRW 5,959.54 million under the buyback announced on August 14, 2020.
SAMYOUNG M-Tek Co. Ltd is a Korea-based company engaged in the manufacture of cast steel products. The Company's products consist of bridge bearings, including elastic bearings, port plates, lead rubber bearings, spherical bearings, quake resistant bearings and others; ship building parts, including main bearing supports, chain wheels and cylinder covers; steel structures, including bridges, tower saddles and strand shoes; industrial plant equipment, including roll chocks and trunnion shafts; construction equipment, including track shoes, flanges, brackets and sprockets; power plant equipment, such as planet carriers, and other parts, including couplers, axle housings, side frames, bolsters, mono rail shoes and others.