SEOHAN Const. & Eng.co.,Ltd announces an Equity Buyback for KRW 3,000 million worth of its shares.
November 17, 2023 at 02:17 am
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SEOHAN Const. & Eng.co.,Ltd (KOSDAQ:A011370) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Shinhan Securities Co., Ltd. The purpose of the program is to stabilize stock price and increase the shareholder value.
The program will expire on May 20, 2024. As of November 16, 2023, the company had no shares in treasury within scope available for dividend and under other acquisitions.
SEOHAN Const. & Eng.co.,LTD. is a Korea-based company engaged in the construction and civil engineering business. Through its construction business, the Company is engaged in the construction of education buildings, medical centers, sports centers, institutes, museums, apartments, offices and others. Through its civil engineering business, the Company is engaged in the construction of drainage facilities, landscaping, streets, railways, subways, waste treatment facilities, sewage treatment facilities, bridges and others. The Company is also involved in the electric work, housing sale and real estate leasing businesses.
SEOHAN Const. & Eng.co.,Ltd announces an Equity Buyback for KRW 3,000 million worth of its shares.
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