Halla Holdings Corp. announces an Equity Buyback for KRW 10,000 million worth of its shares.
May 11, 2021 at 01:39 am
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Halla Holdings Corp. (KOSE:A060980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to enhance shareholder value through the shareholder friendly policy. The program will expire on December 31, 2021. As of May 10, 2021, the company had 351,915 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
HL Holdings Corp, formerly Halla Holdings Corp, is a Korea-based company mainly engaged in the distribution and logistics business of auto parts. The Company supplies and sells genuine parts for the parts market for automobile maintenance such as suspension, steering, braking, air conditioning parts, electronic parts, instruments, motors, and airbags through strategic partnerships with parts manufacturers. In addition, the Company provides value chain services such as purchase agency, packaging, import and customs clearance, procurement, inspection and inspection, storage, distribution processing, and domestic and overseas transportation of automobile parts, and third-party logistics (3PL) based on know-how in comprehensive management service of automobile parts logistics and customized logistics consulting services. The Company is also engaged in the trademark use business.