Suheung Co., Ltd. announces an Equity Buyback for 150,000 shares.
March 14, 2018 at 03:19 am
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Suheung Co., Ltd. (KOSE:A008490) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, for KRW 4,672.5 million. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 14, 2018. As of March 14, 2018, the company had 300,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
SUHEUNG CO.,LTD. is a Korea-based company mainly engaged in the manufacture of capsules. The Company operates its business through two segments: capsule segment and gelatin segment. Its capsule segment mainly engages in the manufacture of hard capsules, soft capsules, medicines, health food, as well as paintballs and others. Its gelatin segment engages in the manufacture of gelatins and collagens, which are used as raw materials of capsules, adhesives, cosmetics and food. The Company distributes its products within domestic market and to overseas markets.
SUHEUNG CO., LTD. 
