Duksung Co., Ltd announces an Equity Buyback for KRW 1,500 million worth of its shares.
November 19, 2018 at 01:38 am EST
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Duksung Co., Ltd (KOSE:A004830) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares, pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of the program is stability of share price. The program will expire on November 19, 2023. As of November 18, 2018, the company had 1,590,571 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
DUKSUNG CO., LTD. is a Korea-based company mainly engaged in the manufacture of synthetic leathers. The Companyâs products portfolio consists of synthetic leathers such as polyvinyl chloride (PVC) synthetic leathers and poly urethane (PU) synthetic leathers used for foot wears, balls, gloves, furniture, automobile interior trimmings and abrasive clothes under the brand name Dual Max, LEDER, SERINO, FRUNIS and others, as well as synthetic resins including PU-resins used as materials for synthetic leathers, action leathers, water proofing coatings and others under the brand name BESTHANE and BESTOLE. It also involves in the manufacture of electronic materials such as thinners, photo resist strippers and polymer removers used for semiconductor chemicals and others.
DUKSUNG CO., LTD. 