Sungdo Engineering & Construction Co. Ltd. (KOSDAQ:A037350) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,300 million worth of shares pursuant to a trust agreement with Hyundai Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance stock value through raising the share price.

The program will continue until December 9, 2014. As of June 9, 2014, the company had 33,674 shares in treasury within scope available for dividend and had 38,316 shares in treasury through other repurchases.