Singsong Holdings Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
March 13, 2020 at 07:18 am
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Singsong Holdings Co., Ltd. (KOSE:A006880) 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 trust contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase is to stabilize stock price and enhance shareholder value. The repurchase program will expire on September 14, 2020. As of March 12, 2020, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.
SingSong Holdings Co Ltd is a Korea-based holding mainly engaged in the trade of grains. The Company operates its business through five segments. The Overseas Business segment engages in trade business such as import and export of grains abroad. The Food Business segment manufactures and sells soy sauce, soybean paste, red pepper paste, ssamjang, chunjang, and sesame oil. The Investment Real Estate segment engages in the building rental business. The Material Business segment is engaged in manufacture and sale of tapioca starch, import and export of agricultural products, and real estate management. The Holding Business segment holds and manages the stocks of its subsidiaries.
SINGSONG HOLDINGS CO.,LTD. 