Kumho Petrochemical purchases treasury stock worth 100 billion ... "Strengthening shareholder value"

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

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stockmk2020@alphabiz.co.kr | 2023-03-09 00:31:24

(사진=금호석유화학)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Kumho Petrochemical announced on the 8th that it will invest 100 billion won to buy its own shares to enhance shareholder value.

The purchase period is from this month 21st to September 20th. The contracting agencies are Samsung, Mirae Asset, and Daishin Securities.

Kumho Petrochemical also announced that it will pay cash dividends of 5,400 won per share based on ordinary shares. Preferred stock is 5450 won per week.

Kumho Petrochemical explained, "The purchase of treasury stocks is for the purpose of shareholder return policy to enhance shareholder value."

 


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