Duksung Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
September 30, 2022 at 01:57 am
Share
Duksung Co., Ltd. (KOSE:A004830) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares according to the contract with Samsung Securities Co., Ltd. The purpose of the program is stock price stability and shareholder value enhancement. The program will expire on March 31, 2023.
As of September 29, 2022, the company had 890,240 and 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.
DUKSUNG CO., LTD. is a Korea-based company mainly engaged in the manufacture of synthetic leathers. The Companyâs products portfolio consists of synthetic leathers such as polyvinyl chloride (PVC) synthetic leathers and poly urethane (PU) synthetic leathers used for foot wears, balls, gloves, furniture, automobile interior trimmings and abrasive clothes under the brand name Dual Max, LEDER, SERINO, FRUNIS and others, as well as synthetic resins including PU-resins used as materials for synthetic leathers, action leathers, water proofing coatings and others under the brand name BESTHANE and BESTOLE. It also involves in the manufacture of electronic materials such as thinners, photo resist strippers and polymer removers used for semiconductor chemicals and others.
DUKSUNG CO., LTD. 