Sindoh Co.,Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
November 10, 2020 at 10:59 pm EST
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sindoh Co.,Ltd. (KOSE:A029530) announces a share repurchase program. Under the program, the company will repurchase shares for KRW 10,000 million under the contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until November 11, 2021. As of November 10, 2020, the company had 247,820 shares in treasury under the dividend capacity and 0 shares in treasury under other capacities.
Sindoh Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of multifunction devices. The Company operates its business through five segments. The Multifunction Device segment is mainly engaged in the production and sales of digital color multifunction devices, digital monochrome multifunction devices, color multifunction devices, and monochrome multifunction devices. The Automatic Document Feeder (ADF) and Sorter segment mainly manufactures and supplies convenient document copying devices. The Consumables segment produces and sells products such as 3D printers, digital multifunction devices, printers, fax machines, and paper. The Merchandise segment mainly sells N series multifunction devices. The Other segment sells after-sales (A/S) parts and is engaged in fax rental business. The Company sells its products in both domestic and overseas markets.
SINDOH CO.,LTD. 
