YESCO Co., Ltd. announces an Equity Buyback for 1,800,000 shares, representing 30% for KRW 81,000 million.
January 14, 2018 at 05:03 pm
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YESCO Co., Ltd. (KOSE:A015360) announces a share repurchase program. Under the tender offer, the company will repurchase up to 1,800,000 shares, representing 30% of its issued shares at a price of KRW 45,000 per share for KRW 81,000 million. The purpose is to protect the shareholders' rights through restructuring. The offer will be valid till February 5, 2018. As of January 12, 2018, the company had 949,670 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase and as of January 15, 2018, the company has 6,000,000 issued shares.
Yesco Holdings Co., Ltd., formerly YESCO CO.,LTD., is a Korea-based company mainly engaged in the provision of city natural gas. The Company operates its business through five divisions: city gas division, which provides liquefied natural gas (LNG) and compressed natural gas (CNG), as well as gas meters and gas piping works; construction and precast concrete (PC) division, which engages in the construction materials manufacturing, civil engineering construction and housing rental and sale business; flange division, which produces wood drums and other electrical cable packaging supplies; television (TV) division, which mainly manufactures digital TV cases and vibration motors, and other division, which provides automobile internal materials and others.
YESCO HOLDINGS CO., LTD. 
