Woojin Inc. announces an Equity Buyback for KRW 1,000 million worth of its shares.
April 28, 2020 at 03:01 am
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Woojin Inc. (KOSE:A105840) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a trust contract with KB Securities Co.,Ltd. The purpose of the share repurchase program is to improve shareholder value and to stabilize stock price. The share repurchase program is valid until October 28, 2020. As of March 12, 2020, the company had 284,459 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
WOOJIN INC. is a Korea-based company engaged in the manufacture of industrial measuring equipment. Its products consist of measuring machines for nuclear power plants, including in-core instruments (ICIs), read switch position transmitters (RSPTs), heated junction thermocouples (HJTCs)and others; automation equipment, automatic temperature measurement systems (ATMSs), slag layer measurement devices and other automatic measuring machines used in steel production sites; condition monitoring systems (CMSs); temperature sensors, used in nuclear power, semiconductor, petrochemical, airline, ship construction and genetic engineering sectors; flowmeters, including vortex type and thermistor type, and materials. On March 12, 2013, the Company acquired additional shares of a Korea-based company. After the transaction, the Company holds 66.67% stake in the Korea-based company. On October 1, 2013, it acquired a 65% stake in SVC Inc.
WOOJIN INC. 
