KPX Holdings Co.,Ltd. announces an Equity Buyback for KRW 12,000 million worth of its shares.
May 07, 2021 at 12:58 am
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KPX Holdings Co.,Ltd. (KOSE:A092230) announces a share repurchase program. Under the program, the company will repurchase up to KRW 12,000 million worth of its own shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose of the program is to enhance shareholder value and efficiency of fund management through stock price stabilization. The program will expire on November 8, 2021. As of May 6, 2021, the company had 138,750 shares within the range of dividends available and no shares under other acquisitions.
KPX HOLDINGS CO., LTD. is a Korea-based company holding company engaged in the management of its subsidiaries. The Company's main subsidiaries consist of KPX CHEMICAL Co.,Ltd, engaged in the manufacture of polypropylene glycol, urethane products and electronic materials; KPX GREEN CHEMICAL CO.,LTD, mainly engaged in the provision of ethoxylates (EOA) used as surfactants; KPX Life Science Co., Ltd., engaged in the manufacture and distribution of active pharmaceutical ingredients (API) and pharmaceutical intermediates (PI), as well as KPX DEVELOPMENT CO., LTD, engaged in the management and leasing of KPX buildings and others, among others.
KPX HOLDINGS CO., LTD. 