Song Da 505 JSC (HASTC:S55) announces a share repurchase program. Under the program, the company will repurchase up to 490,000 shares, representing 19.68% stake. The repurchases will be made at a market price.

The shares will be repurchased by way of negotiation and continuous order matching method. The purpose of the program is to increase treasury stock. The program will be funded through paid in capital of the company.

The program will continue till December 25, 2013. The company has 5,900 shares in treasury.