Danawa Co.,Ltd (KOSDAQ:A119860) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth own shares under the contract with Korea Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The repurchase program will be valid till February 7, 2015.

As of August 7, 2014, the company has no treasury shares within scope available for dividend and other repurchase.