Tranche Update on HDC I-Controls Co., Ltd.'s Equity Buyback Plan announced on March 16, 2020.
June 17, 2020 at 02:58 am EDT
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From April 1, 2020 to June 16, 2020, the company has repurchased 882,448 shares, representing 5.53% for KRW 7,173 million. With this, the company has completed the repurchase of 1,375,412 shares, representing 8.52% for KRW 10,098.42 million under the buyback announced on March 16, 2020.
HDC Labs Co Ltd, formerly HDC I-Controls Co Ltd, is a Korea-based company mainly engaged in the provision of information technology (IT) consulting services for the construction industry. The Company operates its business mainly through four segments. The Smart Home segment is mainly engaged in the business of building smart life environment by integrating information technology with the residential environment. The Mechanical and Electrical segment is mainly engaged in business to create an environment required in the production process of residential spaces and industrial facilities. The Smart Building segment is mainly engaged in the business of building systems that control lighting and temperature control, ventilation and communication facilities. The Social Overhead Capital segment is mainly engaged in the business of establishing control systems such as communications and signals in the public sector.