The LEADCORP, Inc. announces an Equity Buyback for KRW 3,000 million worth of its shares.
March 19, 2020 at 02:16 am EDT
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The LEADCORP, Inc. (KOSDAQ:A012700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to enhance the shareholders' value. and reward the employee performance. The program will end on September 18, 2020. As of March 18, 2020, the company had 303,094 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
The LEADCORP, Inc. is a Korea-based company mainly engaged in the provision of petroleum products and consumer financial services. The Company operates its business under three segments: petroleum segment, service station segment and consumer financial service segment. Its petroleum segment involves in the oil dealing providing petroleum and related products through petrochemical products supply contract with S-OIL, and leasing of oil reservoirs. Its service station segment involves in the operation of high way resting places. Its consumer financial service segment involves in the provision of loan products through various media, phones, Internet and offices in domestic market. The Company also engages in the real estate rental business.
THE LEADCORP, INC. 
