HRS Co., Ltd closed an Equity Buyback in the amount of KRW302.78 mm
April 19, 2013 at 09:30 am IST
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The Board of Directors of HRS Co., Ltd (KOSE:A036640) authorized a share repurchase program on April 16, 2013. Under the program, the company will repurchase up to 97,087 shares for KRW 300 million based on the closing price of company's share on April 15, 2013. Repurchases will be made within Korea Securities Dealers Automated Quotation market. The purpose behind the program is to stabilize the stock price. The company will repurchase up to 74,206 shares on any one day in the program. Repurchases will commence on April 17, 2013 and will continue until July 16, 2013. As of April 15, 2013, the company has 226,115 shares under direct ownership of treasury stock. IBK Securities Co. Ltd. acted as the broker to the company.
HRS Co., Ltd completed its share repurchase program on April 19, 2013. Under the plan, the company has repurchased 97,087 shares for KRW 302.78 million.
HRS Co., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of silicone rubbers. The Company's product portfolio consists of millable type high temperature vulcanizing (HTV) silicone rubbers, liquid silicone rubbers (LSRs), room temperature vulcanizing (RTV) silicone rubbers, silicon sheet (SS) products and others. The Companyâs products are used for electric and electrical equipment, automobiles, communications, medical equipment and other areas. Its products are under the brand name HRS. The Company distributes its products within domestic market and to overseas markets.
HRS CO., LTD 
