Tailim Packaging Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
November 22, 2018 at 05:57 am
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Tailim Packaging Co., Ltd. (KOSE:A011280) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of shares under the contract with KB Securities Co.,Ltd. The purpose of repurchase program is to improve shareholder value and to stabilize stock price. The repurchase program is valid till May 25, 2019. As of November 22, 2018, the company has no shares within scope available for dividend and had 858,369 shares in treasury through other repurchase.
Tailim Packaging Co., Ltd, formerly Tailim Packaging Industrial Co., Ltd., is a Korea-based company principally engaged in the manufacturing and sale of corrugated boxes. Along with its subsidiaries, the Company operates its business through three segments. Corrugated Boxes segment manufactures and sells boxes, materials and by-products. Corrugated Papers segment manufactures and sells test liner papers, corrugating medium papers and tube papers, also does waste disposal. Freight Transportation segment operates the transportation of goods. The Company distributes its products within domestic market and to overseas markets.