Sung Bo Chemicals Co. Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
January 20, 2017 at 11:25 am IST
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Sung Bo Chemicals Co. Ltd. (KOSE:A003080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares under the contract with Mirae Asset Daewoo. The purpose of the program is to stabilize the stock price and enhancing the shareholders’ value. The program will be valid till July 22, 2017. As of January 19, 2017, the company had nil shares in treasury under the dividend capacity and nil shares in treasury under other capacities.
Sung Bo Chemicals Co., Ltd. is a Korea-based company engaged in the manufacture of agricultural chemicals for paddy rice and gardening. The Companyâs products include pesticides, insecticides, fungicides and herbicides. Its fungicides are used to provide resistance against fungal plant diseases including white rots, blotches, scabs, downy mildews and powdery mildews. Its insecticides are used to kill aphids, plant hoppers, rice water weevils, leaf rollers, rice stem borers, ensign scales and others. Its herbicides are used to kill weeds that compete with crops for root space, nutrients and water. The Company also engages in the real estate leasing business.
SUNG BO CHEMICALS CO., LTD 
