BMT Co., Ltd. announces an Equity Buyback for KRW 500 million worth of its shares.
May 08, 2015
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BMT Co., Ltd. (KOSDAQ:A086670) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a trust contract with Daewoo Securities Co. Ltd. The purpose of the program is to protect shareholders' profit and to stabilize the company's share price.
The program is valid until November 9, 2015. As of May 7, 2015, the company had 173,401 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
BMT Co., Ltd is a Korea-based company mainly engaged in the manufacture of precision fittings and valves. The Company operates its business through fitting and valve segment, which produces fittings, including tube fittings, bite type fittings, flared fittings, thread fittings, forged fittings, high pressure fittings and hose fittings; valves, including ball valves, plug valves, needle valves, check valves, manifold and gauge valves, relief valves, toggle valves, double block bleed and mono flange valves, bleed and purge valves, excess flow valves and others, as well as clamps, molded case power distributors (MCPDs) and others, and specialty head segment, which produces clock heads, burnish heads, test write heads and others. It also provides breakers and steel scrap.
BMT CO., LTD. 
