KCC Engineering & Construction Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
September 24, 2020 at 04:09 am EDT
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KCC Engineering & Construction Co., Ltd. (KOSDAQ:A021320) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 24, 2021. As of September 23, 2020, the company had 1,033,117 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KCC ENGINEERING & CONSTRUCTION CO., LTD. is a Korea-based company engaged in the construction and engineering business. The Company operates its business through four segments: civil engineering segment, architecture segment, presale construction segment and steel structures segment. Its civil engineering segment constructs expressways, railways, roads, bridges, tunnels, harbors, reclamation works, site renovation works, as well as the water supply and sewerage systems. Its architecture segment engages in the construction of commercial buildings, office buildings, residential buildings, factories, plants and others. Its presale construction segment constructs and markets apartment and residential complexes. Its steel structures segment constructs steel frames for buildings and steel bridges.
KCC ENGINEERING & CONSTRUCTION CO., LTD. 
