Cenit Co., Ltd announces an Equity Buyback for 1,400,000 shares.
April 18, 2024 at 12:42 am
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Cenit Co., Ltd (KOSDAQ:A037760) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, pursuant to a contract with Eugene Investment Co., Ltd. The purpose of the program is to stabilize stock price and improve the shareholder value. The program will expire on July 18, 2024.
As of April 17, 2024, the company had 2,030,000 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions.
Cenit Co., Ltd., together with its subsidiary, is a Korea-based company engaged in the manufacture of ready-mixed concretes (Remincons) and stainless steel plates. The Company mainly provides stainless steel plates, which are used in machine equipment, power generation equipment, industrial equipment, automobiles, electronics and others. It also engages in the operation of movie theaters. Through its subsidiaries, the Company is engaged in the manufacture and sales of Remincons, and canned kimchi, a kind of Korea pickles. On September 1, 2013, it merged with DaejeonGaoCinema Co.,Ltd., a Korea-based company mainly engaged in the real estate rental and supply business. After that, DaejeonGaoCinema Co.,Ltd. was dissolved.
CENIT CO., LTD 