Hansung Enterprise Co. Ltd.'s Equity Buyback in the amount of KRW4000 mm has expired
June 28, 2012 at 09:30 am IST
Share
The Board of Directors of Hansung Enterprise Co. Ltd. (KOSE:A003680) authorized a share repurchase program on June 27, 2011. Under the program, the company will repurchase up to KRW 4 billion worth own shares pursuant to a trust agreement with Hana Daetoo Securities Co., Ltd. to be signed on June 28, 2011. The purpose behind the program is to stabilize the stock price. Repurchases will commence on June 28, 2011 and will continue until December 28, 2011. As of June 26, 2011, the company does not hold any shares in treasury.
On December 28, 2011, the company extended its share repurchase program until June 28, 2012. Hana Daetoo Securities Co., Ltd. acted as the broker for the buyback.
Hansung Enterprise' share repurchase program expired on June 28, 2012. Under the plan, the company has repurchased 389,250 shares.
HANSUNG ENTERPRISE Co., Ltd is a Korea-based company mainly engaged in the fisheries. The Company operates in three segments: overseas, food and others. The overseas segment specializes in the catch of fishes like tunas, pollack and others. It operates Stem Trawlers, Tuna Purse Seiners, Tuna Long liners, Foreign-based Joint Venture Stem Trawlers and Squid Jiggers in the north Pacific, south Pacific, Indonesia, and Argentina areas. The food segment specializes in the processing of fishes and meat. Its products include crami, smoked hams and sausages, canned products such as canned tunas, canned boiled mackerel, canned boiled saury, dumplings, fish cakes, laver products, salted products and others.
HANSUNG ENTERPRISE CO.,LTD 
