Tranche Update on Samick Musical Instruments Co., Ltd.'s Equity Buyback Plan announced on October 16, 2013.
November 14, 2013
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From October 16, 2013 to November 11, 2013, the company has repurchased 1,600,000 shares, representing 2.28% for KRW 3,036.11 million. With this, the company has completed the repurchase of 1,600,000 shares, representing 2.28% for KRW 3,036.11 million under the buyback announced on October 16, 2013.
SAMICK MUSICAL INSTRUMENT Co., Ltd is a Korea-based company mainly engaged in the manufacture and sale of musical instruments. The Company mainly manufactures pianos, including acoustic pianos with grand and upright series, and digital pianos. It also produces other musical instruments, such as guitars, violins, bass amplifiers, cellos, flutes, trumpets, saxophones, clarinets, ocarinas, harmonicas, drums, mixers, amplifiers and others. In addition, the Company engages in the piano rental and real estate rental businesses. The Company distributes its products within domestic market and to overseas markets. On September 16, 2014, it acquired land and building located in Seoul, for rental business.
SAMICK MUSICAL INSTRUMENT CO., LTD 
