Daewon Kangup Co., Ltd.'s Equity Buyback in the amount of KRW500 mm has expired
November 08, 2012 at 11:00 pm EST
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The Board of Directors of Daewon Kangup Co., Ltd. (KOSE:A000430) authorized a share repurchase program on November 30, 1993. Under the plan the company will repurchase up to KRW 500 million worth of won shares pursuant to trust agreement with Hana Daetoo Securities Co. Ltd. The plan will commence on November 30, 1993 and end on October 7, 2002.
On October 8, 2002, the company extended the plan till October 7, 2007.
On October 8, 2007, the company extended the plan till October 7, 2012.
On October 8, 2012, the company extended the plan till October 7, 2017.
On November 6, 2012, the company decided to terminate the plan on November 9, 2012. Hana Daetoo Securities Co. Ltd. acted as broker to the company for the buyback transaction.
Daewon Kangup Co., Ltd.'s share repurchase program expired on November 9, 2012.
DaeWon Kang Up Co., Ltd is a Korea-based company engaged in the manufacturing and sale of automobile parts. The Company mainly produces springs and seats. Its spring products consist of suspension springs, which include leaf springs, coil springs, stabilizer bars, air springs, air suspension systems and pusher axle suspension kits, as well as precision springs, which consist of engine valve springs, auto-clutch return springs, wire springs, flat springs, information technology (IT) components, die springs and disk springs. Its seat products are comprised of seats for vehicles and trains. It also produces and exports spring and seat manufacturing equipment. On October 11, 2013, it established a new overseas subsidiary, namely DAEWON-AvtoVazAgregat Seats LLC, engaged in the production, assembly and sale of seat and seat system.
DAEWON KANG UP CO., LTD. 
