Daejoo Electronic Materials Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
December 15, 2014
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Daejoo Electronic Materials Co., Ltd. (KOSDAQ:A078600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of stock under the contract with Daishin Securities Co. Ltd. The purpose of repurchase is stock price stability and enhancement of shareholder value.
The repurchase program will be valid till June 15, 2015. As of December 15, 2014, the company has 730,200 shares in treasury under repurchase within scope available for dividend and no shares in treasury under other repurchase category.
Daejoo Electronic Materials Co., Ltd. is a Korea-based company engaged in the manufacture of electronic materials. The Companyâs product portfolio consists of conductive materials, such as pastes for disk ceramic applications, dielectric filters, chip inductors and others, and electrode pastes for chip resistors, among others; phosphor materials, which are used for plasma display panels (PDPs), cold cathode fluorescence lamps (CCFLs) and light emitting diode (LED); polymer materials, such as insulation materials, epoxies, epoxy coating powders, semiconductor materials and others, glass materials, nano materials, metal power materials, phosphor materials, and organic LED materials. Through its subsidiary, it manufactures and distributes insulation materials and conductive pastes used for white household appliance components in China market.
DAEJOO ELECTRONIC MATERIALS CO., LTD. 
