SFC Co.,Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
October 12, 2018 at 02:06 am
Share
SFC Co.,Ltd. (KOSDAQ:A112240) announces a share repurchase program. Under the program, the company will repurchase KRW 2,000 million under the contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until April 11, 2019. As of October 11, 2018, the company had 1,806,111 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
SFC Co. Ltd is a Korea-based company mainly engaged in the production and sale of special films. The Company's products portfolio consists of back sheets and other films. The back sheets include thermoplastic and fluoropolymer multi-layered back films, which are used for photovoltaic solar module parts. Other films include coated films and laminating films under various categories such as glossy films, matt films, color films, bio laminating, polyethylene terephthalate (PET) banners, clear PET banners, cold films, white opaque, sticky back films and others, which are used for protection of printouts and actual image materials. It also engages in the digital printing media business, providing polyethylene terephthalate (PET) banners, clear PET banners, PET backlight films, papers, easy banners, poly banners and others. The Company distributes its products within domestic market and to overseas markets.