Sun Machinery Co., LTD announces an Equity Buyback for 10,000 shares, for KRW 33 million.
December 18, 2017 at 10:49 am IST
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Sun Machinery Co., LTD (XKON:A116100) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares for a total of KRW 33 million, which is based on the closing price of KRW 3,300 per share on December 15, 2017. The actual amount for the repurchase may change according to the changes in the stock price. The purpose of the share repurchase program is to enhance shareholder value and pay employee bonus after repurchase. The share repurchase program is valid until March 18, 2018. As of December 18, 2017, the company had 4,670 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Sun Machinery Co., LTD is a Korea-based company mainly engaged in the production and sale of automobile parts. The main products include exhaust gas recirculation housing, stabilizer cab mounting assemblies, hydraulic power brake assemblies, arm Idler assemblies. The hydraulic power brakes are major parts of the chassis segment of commercial vehicles such as large buses, trucks and specially designed vehicles. In addition, the Company is involved in the manufacturing and sale of commercial castings, forgings, as well as medical equipments such as electric beds. The Company distributes its products within the domestic market and to overseas markets, including America.
SUN MACHINERY CO., LTD 
