Seohee Construction Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
February 28, 2023 at 05:03 am
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Seohee Construction Co., Ltd. (KOSDAQ:A035890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a trust contract with Samsung Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until August 27, 2023.
As of February 27, 2023, the company had 9,575,559 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Seohee Construction Co., Ltd. is a Korea-based company mainly engaged in the construction business. The Company operates its business through three main segments: construction segment, power and environment segment and resting place segment. Its construction segment engages in the construction and civil engineering business, which are engaged in the construction of apartments, public institutes, research institutes, education facilities, medical centers, industrial facilities, roads, bridges, tunnels, plants and others. Its power and environment segment engages in the power generation from landfill waste gas. Its resting place segment engages in the operation of resting places with gas stations. It also engages in the overseas plant construction business and rental business.