SG Co.,Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
December 06, 2020 at 09:04 pm EST
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SG Co.,Ltd. (KOSDAQ:A255220) announces a share repurchase program. Under the program, the company will repurchase KRW 1,000 million under the contract with Hana Financial Investment Co., Ltd. The purpose of the program is to share growth fruits between the company and employees, to improve employee welfare benefits and to enhance shareholder value. The program will be valid until June 7, 2021. As of December 6, 2020, the company had 754,641 shares in treasury under the dividend capacity and 4,008,750 shares in treasury under other capacities.
SG CO., LTD. is a Korea-based company mainly engaged in the manufacturing and sale of asphalt concrete and ready-mixed concrete. The Company operates its business through three segments. The Asphalt Concrete segment is engaged in the manufacturing and sale of asphalt concrete. The Ready Mixed Concrete segment engages in the manufacturing and sale of ready mixed concrete. The Construction segment is engaged in the pavement works.