Dongsung FineTec Co., Ltd. announces an Equity Buyback for 809,508 shares.
March 26, 2020 at 03:58 am
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Dongsung FineTec Co., Ltd. (KOSDAQ:A033500) announces a share repurchase program. Under the program, the company will repurchase up to 809,508 shares. The purpose of the program is to enhance shareholder value and to stabilize stock price. The program will expire on June 26, 2020. As of March 25, 2020, the company had 350,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
DONGSUNG FINETEC CO., Ltd, formerly FINETEC CORP, is a Korea-based company mainly engaged in the manufacture of polyurethane (PU) heat insulation materials. The Company operates in two business segments: PU heat insulation materials segment and gas segment. Its PU heat insulation materials segment manufactures PU systems, cryogenic insulation materials and sandwich panels, which are used as heat insulation materials for household appliances, industrial liquefied natural gas (LNG) and construction under the brand name FINEpol, FINEcover and others. Its gas segment manufactures seamless gas cylinders (SGCs), fire protection systems and refrigerants under the brand name FINEXG, FINEGAS and others. It also involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets.
DONGSUNG FINETEC CO., LTD. 
