Manho Rope & Wire Co., Ltd. (KOSE:A001080) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares for a total of KRW 2,372.5 million, which is based on the closing price of KRW 7,380 per share on November 12, 2014. The company will repurchase its shares on the Stock Exchange through securities market.

The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The buyback amount may change according to the actual repurchase price as it is based on the closing price before the record date. The share repurchase program is valid until May 22, 2016.

As of February 21, 2016, the company had 937,180 shares in treasury within scope available for dividend and had 190 shares in treasury through other repurchase.