DOHWA Engineering Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
September 10, 2013
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DOHWA Engineering Co., Ltd. (KOSE:A002150) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5 billion worth of its shares pursuant to a trust agreement with Woori Investment & Securities Co., Ltd. The purpose of the program is to stabilize the stock price. The program will continue until September 10, 2014.
As of September 10, 2013, the company held no shares in treasury either directly or indirectly through the trust contracts.
Dohwa Engineering Co., Ltd. is a Korea-based is a Korea-based integrated engineering company. The Company is engaged in the provision of planning, feasibility investigation, design, analysis, testing, supervision, commissioning, evaluation, consultation and guidance services for engineering areas, such as water supply and drainage works, water resource development, city plan, road construction, river development, harbor and ports construction, railway construction, bridge construction, tunnel construction, landscape architecture and environment, among others. In addition, it is involved in the civil works for construction of national infrastructures such as golf courses, residential land development, rivers and others, as well as research and development works for urban infrastructures and environmental plants.