Taekyung Chemical Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 19, 2020 at 01:05 am
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Taekyung Chemical Co., Ltd. (KOSE:A006890) 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 Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The program will expire on September 19, 2020. As of March 18, 2020, the company had 164,561 shares in treasury within scope available for dividend and no shares in treasury under other capacities.
TAEKYUNG CHEMICAL CO., LTD. is a Korea-based company engaged in manufacture of liquid and solid carbon dioxides, magnesium hydroxides, liquid calcium hydroxides and others. The Company operates in two segments: carbon dioxide and environment. Its carbon dioxide segment is engaged in the manufacture of liquid carbon dioxides and solid carbon dioxides used for beers, carbonated drinks, refrigerants, antioxidants and welding materials, and general gases such as ethylene, nitrogen, oxygen and others used for emulsifying agents, shielding gases, heat treatment gases and others. It also involves in the manufacture of high pressure gases, mixture gases and special gases through its affiliate. Its environment segment produces magnesium hydroxides, liquid calcium hydroxides and others used for exhaust gas desulfurization and waste water treatment decontaminants.
TAEKYUNG CHEMICAL CO., LTD. 
