Seoho Electric Co. Ltd. announces an Equity Buyback
November 16, 2012
Share
The Board of Directors of Seoho Electric Co. Ltd. (KOSE:A065710) authorized a share repurchase program on November 16, 2012. Under the program, the company will repurchase up to 10,000 shares for KRW 60 million based on the closing price of the company's share as on November 15, 2012. The repurchases will be made on the stock exchange. The purpose of the repurchase program is to distribute shares for stock options. The company will repurchase up to 4,517 shares on any one day in the program. The repurchases will commence on November 19, 2012 and will end on November 30, 2012. As of November 15, 2012, the company had 284,378 shares in treasury through direct ownership and had no shares in treasury through trust agreements.
Hyundai Securities Co., Ltd. acted as a broker to Seoho Electric Co. Ltd. for the buyback transaction.
Seoho Electric Co., Ltd is a Korea-based company engaged in the manufacturing and distributing of control systems for harbor cranes. The Companyâs products consist of control systems used for harbor cranes, including crane monitoring and management systems (CMMSs), anti-sway systems and auto position identification systems (APISs) and automated steering for cranes using global positioning system (GPS); industrial drive control systems; direct current (DC) converters, which are driving devices for DC motors, and alternating current (AC) inverters, which are driving devices for fans and pumps. The Company distributes products within domestic market and to overseas markets.
SEOHO ELECTRIC CO.,LTD 
