PlumbFast Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 18, 2020 at 01:42 am
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PlumbFast Co., Ltd. (KOSDAQ:A035200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Daewoo Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 17, 2021. As of March 17, 2020, the company had 961,926 shares in treasury within scope available for dividend and had 2,412 shares in treasury through other repurchase.
PLUMBFAST CO., LTD. is a Korea-based company mainly engaged in the manufacture of plastic pipes. The Companyâs products portfolio consists of poly butylenes (PB) pipes such as PB line pipes, PB pipe coils and others under the brand name Dong Yang PB Pipe, as well as polypropylene-copolymer (PP-C) pipes and fittings, among others. It also involves in the manufacture of connectors, air chamber caps, valve sockets, iron socket adaptors, support sleeves, transition sockets and others. Its products are used as structural parts for cold and hot water supply systems, semi-permanent sanitary and heating construction. The Company mainly distributes its products within domestic market.
PLUMBFAST CO., LTD. 
