Sebang Global Battery Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
February 17, 2020 at 12:33 am
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Sebang Global Battery Co., Ltd. (KOSE:A004490) 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 Samsung Securities Co.,Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 16, 2021. As of February 16, 2020, the company had 255,623 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Sebang Global Battery Co Ltd is a Korea-based company engaged in the manufacturing and sale of storage batteries. The Company mainly provides storage batteries including automotive batteries which are used for passenger cars, buses, trucks, construction equipment, and others; industrial batteries which are used for uninterruptible power supply systems (UPSs), electrical communication systems, factory automation systems, power plants, military and security devices and others, as well as motorcycle batteries, among others. The Company provides its products under the brand name of ROCKET. The Company distributes its products in domestic and overseas markets.
SEBANG GLOBAL BATTERY CO., LTD. 
