Daeyang Electric Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
January 07, 2015
Share
Daeyang Electric Co., Ltd. (KOSDAQ:A108380) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million pursuant to a trust contract with Samsung Securities Co. Ltd. The purpose of the share repurchase program is to stabilize the company's share price, and to make employee incentive payment and distribution of treasury stock for stock option exercise.
The share repurchase program is valid until July 8, 2015. As of January 7, 2015, the company had 70,689 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
DAEYANG ELECTRIC. Co., Ltd. is a Korea-based company engaged in the manufacturing of lighting devices and electrical components. The Company's product portfolio consists of lighting devices, electronic systems, distribution boards, receptacles and fans. The lighting devices include fluorescent lightings, incandescent lightings, navigation and signal lightings, spot lights, search lights, anti-explosion lamps and others for industrial and ship uses. The electronic systems are used in marine communication and navigation equipment, refrigeration container monitoring systems, and others. The distribution boards are used for ships and trains. It also provides lead storage batteries through its subsidiary. The Company mainly distributes its products to overseas markets.
DAEYANG ELECTRIC.CO.,LTD. 
