DK&D Co.,Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 22, 2020 at 10:24 pm
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DK&D Co.,Ltd (KOSDAQ:A263020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares pursuant to a contract with Hana Financial Investment. The purpose of the share repurchase program is to improve shareholder value and to stabilize stock price. The share repurchase program is valid until September 22, 2020. As of March 22, 2020, the company has no shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.
DK&D CO.,LTD is a Korea-based company principally engaged in the manufacturing and distribution of synthetic leathers. Along with its subsidiaries, the Company manufactures and sells Polyurethane (PU) synthetic leathers used for garments, headsets, furniture, electronic cases, cars, and others. The Company also produces non-woven fabrics used for production of synthetic leathers for footwear. In addition, the Company produces raw materials such as fabrics and yarns. Companyâs products are sold under the brand name of RAMSKIN and RAMKID.