MoonBae Steel Co., Ltd. announces an Equity Buyback for 1,237,680 shares.
May 20, 2015 at 05:14 am
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MoonBae Steel Co., Ltd. (KOSE:A008420) announces a share repurchase program. Under the plan, the company will repurchase up to 1,237,680 shares. The shares will be repurchased to stabilize the company's stock price and increase shareholder's value.
MOONBAESTEEL CO.,LTD is a Korea-based company engaged in the manufacture and wholesale of steel products. The Company's products portfolio consists of hot-rolled steel plates used for shipbuilding, boilers and liquefied natural gas (LNG) steel tubes; hot-rolled steel sheets used for automobiles, welding construction, pressure bulbs and others; checkered steel plates used as construction materials, as well as hot-rolled steel coils, mini-mill coils and others including skelps, steel angles and section steels. The Company distributes its steel products within the domestic market.