Sammok S-Form Co., Ltd.'s Equity Buyback in the amount of KRW1500 mm has expired
September 29, 2012 at 09:30 am IST
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The Board of Directors of Sammok Precision & Industry Company Limited (KOSE:A018310) authorized a share repurchase program on September 30, 2011. Under the program, the company will repurchase up to KRW 1.5 billion worth of shares. The purpose of the repurchase program is to stabilize share prices and to enhance shareholder value. The repurchases will commence on September 30, 2011, and will end on September 29, 2012. As of September 30, 2011, the company has no shares in treasury. Daewoo Securities Co., Ltd. acted as a broker to the company.
Sammok Precision & Industry Company Limited's share repurchase program expired on September 29, 2012. Under the program, the company has repurchased 363,263 shares for KRW 1.06 billion.
SAMMOK S-FORM CO.,LTD. is a Korea-based company mainly engaged in the manufacture of construction molds. The Companyâs products portfolio consists of aluminum formworks such as aluminum wall and slab decks, high-tech forms, aluminum supports and aluminum girder beams; gang forms used for external wall mold and equipment for plastering and decorating works; special formworks used for bridges and civil engineering formworks, caisson block system formworks and special system formworks, Euro forms, as well as climbing systems such as auto climbing systems, portable climbing systems and others. The Company distributes its products within domestic market and to overseas markets.