Tranche Update on HDC HOLDINGS CO.,Ltd's Equity Buyback Plan announced on February 28, 2020.
June 03, 2020 at 03:18 am EDT
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From April 1, 2020 to May 28, 2020, the company has repurchased 513,577 shares, representing 0.9% for KRW 4,503.98 million. With this, the company has completed the repurchase of 2,700,000 shares, representing 4.7% for KRW 22,443.86 million under the buyback announced on February 28, 2020.
HDC Holdings Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of chemical products. The Company operates its business through six segments. The Construction segment is involved in the construction of residential buildings, public institutions and private companies, social infrastructures such as roads, harbors and railroads. The Petrochemical segment is involved in the production and sale of chemical products such as industrial pipes, packaging materials for food and life, as well as construction materials. The Musical Instrument segment produces and sells musical instruments such as pianos. The Distribution segment is involved in the operation of department stores and complex shopping malls, as well as real estate leasing. The Holding segment is engaged in the businesses of management consulting and building rental. The Other segment is engaged in building management, the operation of hotels and professional soccer show business.