Tranche Update on Inhwa Precision Co., Ltd's Equity Buyback Plan announced on August 29, 2023.
March 03, 2024 at 09:39 pm EST
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From January 1, 2024 to March 4, 2024, the company has repurchased 0 shares, representing 0% for KRW 0 million. With this, the company has completed the repurchase of 264,432 shares, representing 2.85% for KRW 2,976.63 million under the buyback announced on August 29, 2023.
Inhwa Precision Co., Ltd. is a Korea-based company principally engaged in the manufacture of vessel engine components. The Company's vessel engine components include cylinder covers, cylinder frames, bed plates, frame boxes and others for low-speed diesel engines, as well as base frames and common beds for medium-speed diesel engines. It also provides power plant components, such as exhaust frames, end shields, bearing housings, main lead boxes, diffusers and others. In addition, through its subsidiaries, it is involved in the provision of automobile components such as joint cages, diff gears and others, as well as metal tooling machines such as soft line machines, rolling machines and others. The Company mainly distributes its products within domestic market.