Daelim B&Co Co.,Ltd. announces an Equity Buyback for 166,722 shares.
December 03, 2018 at 12:41 am EST
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Daelim B&Co Co.,Ltd. (KOSE:A005750) announces a share repurchase program. Under the program, the company will repurchase up to 166,722 shares for KRW 683.56 million worth of its shares. The purpose of the program is to stabilize the stock price and to enhance the shareholders’ value. The program will be valid till February 28, 2019. As of December 3, 2018, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Daelim B&Co CO.,Ltd. is a Korea-based company engaged in the manufacture of sanitary wares and related products. The Company mainly provides bathroom wares, including bidets, faucets, bath suites and others. It also provides clean services, bathroom remolding services, and sanitary wares rental services. The Company distributes its products to sales agencies, construction companies and others.