Hyundai Elevator Co., Ltd announces a Decrease in Equity Buyback.
October 26, 2023
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On October 27, 2023, the company announced a decrease in its equity buyback plan. The company decreased its plan terms from KRW 100,000 million to KRW 50,000 million and the remaining KRW 50,000 million will be partially terminated upon expiration of the trust contract period.
On October 27, 2023, the company announced that it has extended its plan duration till May 7, 2024.
Hyundai Elevator Co Ltd is a Korea-based company mainly engaged in the production and sale of the elevators. The Company operates its business through six segments. The Goods Handling Equipment Manufacturing segment is engaged in the production and sales of products such as elevators, escalators and parking facilities. The Installation and Repair Service segment is engaged in business such as installation and sales of elevator products, repair work, and regular maintenance. The Real Estate Rental segment is engaged in land and building rental business. The Tourism and Accommodation segment is engaged in the management of hotels and training centers, and real estate management. The Travel and Construction segment is engaged in the tourism and construction businesses. The Other segment is engaged in the consulting and education business.
HYUNDAI ELEVATOR CO., LTD 
