Sejin Heavy Industries Co., Ltd. announces an Equity Buyback for 700,000 shares.
March 04, 2021 at 09:35 pm EST
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Sejin Heavy Industries Co., Ltd. (KOSE:A075580) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares. The purpose of the program is to increase the shareholder value and stabilize stock performance. The repurchase program will expire on June 7, 2021. As of March 4, 2021, the company had 1,325.747 shares in treasury within scope available for dividend and had 2,935 shares in treasury through other repurchase.
Sejin Heavy Industries Co Ltd is a Korea-based company mainly engaged in the manufacture of ship components. The Company operates its business through two segments. The Shipbuilding segment manufactures deck houses including engine casings, funnels, radar masts and wing bridges, liquefied petroleum gas (LPG) tanks, upper deck units for crude oil tankers, product carriers, chemical tankers and LPG carriers, ring blocks, gorgons, engine rooms and others. The Plant segment manufactures living quarters, burner booms, flare towers and clare ridges. The Company distributes its products in domestic and overseas markets.
SEJIN HEAVY INDUSTRIES CO., LTD. 
