Korea Refractories Co. Ltd. closed an Equity Buyback in the amount of KRW6192.86 mm
September 19, 2012 at 09:30 am IST
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The Board of Directors of Korea Refractories Co. Ltd. (KOSE:A010040) authorized a share repurchase program on July 16, 2012. Under the program, the company will repurchase up to 1,600,000 shares for KRW 5.54 billion based on the share price of KRW 3,465 per share on July 15, 2012. The repurchases will be made on the stock exchange for the purpose of stabilizing share prices. The repurchases will commence on July 19, 2012, and will end on October 19, 2012. As of July 15, 2012, the company has no shares in treasury. E*TRADE Korea Co., Ltd. acted as broker to Korea Refractories for the buyback transaction.
Korea Refractories Co. Ltd. completed its share repurchase program on September 19, 2012. Under the plan, the company repurchased 1,600,000 shares for KRW 6.19 billion.
KOREA REFRACTORIES.CO.,LTD is a Korea-based company engaged in the provision of refractories. The Company operates its businesses in three business segments: refractory segment, which provides shared refractories, including special high alumina bricks, fire clay bricks, unburned bricks, acid proof bricks, cordierite bricks, insulating fire bricks, unburned magnesia bricks and other, monolithic refractories, including castables refractories, plastic refractories, mortar and others, and non-ferrous metal powders; aluminum segment, which provides aluminum alloy and aluminum dross, and construction segment, which constructs industrial facilities, such as industrial furnaces and shaft furnaces.