Korea Alcohol Industrial Co., Ltd.'s Equity Buyback in the amount of KRW5000 mm has expired
April 26, 2013 at 09:30 am IST
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The Board of Directors of Korea Alcohol Industrial Co., Ltd. (KOSE:A017890) authorized a share repurchase program on October 27, 2008. Under the program, the company will repurchase up to KRW 5 billion worth of shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose of the share repurchase program is to stabilize share prices. The repurchases will commence on October 27, 2008, and will end on April 27, 2009. As of October 27, 2008, the company holds no shares in treasury.
On April 27, 2009, the company announced that it has extended the program till October 27, 2009.
On October 23, 2009, the company announced that it has extended the program till April 27, 2010.
On April 23, 2010, the company announced that it has extended the program till October 27, 2010.
On October 25, 2010, the company announced that it has extended the program till April 27, 2011.
On April 25, 2011, the company announced that it has extended the program till October 27, 2011.
On October 25, 2011, the company announced that it has extended the program till April 27, 2012.
On April 25, 2012, the company extended the share repurchase program till October 26, 2012.
On October 24, 2012, the company extended the share repurchase program till April 26, 2013.
Korea Investment & Securities Co., Ltd acted as a broker for Korea Alcohol Industrial Co., Ltd.
Korea Alcohol Industrial Co., Ltd.'s share repurchase program expired on April 26, 2013. Under the program, the company repurchased 1,025,167 shares.
KOREA ALCOHOL INDUSTRIAL Co., Ltd. is a Korea-based company mainly engaged in the manufacture of chemical products. The Companyâs products consist of ethyl alcohols, including synthetic ethyl alcohols for synthetic resins, anhydrous ethyl alcohols for paints and rectified fermentation ethyl alcohols for beverages; esters, including ethyl acetates and n-butyl acetates used for solvents; ethylamine, including monoethylamine, diethylamine and triethylamine; acetaldehyde for medicines, surfactants and paints, and electronic butyl acetate, including low metal grade butyl acetate and electronic grade butyl acetate. It also involves in the real estate rental business through its affiliated company. The Company distributes its products within domestic market and to overseas markets.
KOREA ALCOHOL INDUSTRIAL CO., LTD. 
