DongYang P&F Co., Ltd. closed an Equity Buyback in the amount of KRW1582.19 mm
February 09, 2012 at 11:00 pm EST
Share
The Board of Directors of DongYang P&F Co., Ltd. (KOSE:A104460) authorized a share repurchase program on January 11, 2012. Under the program, the company will repurchase up to 200,000 shares for KRW 1.58 billion based on the closing price of company's share on January 10, 2012. Repurchases will be made from the KOSDAQ Market. The purpose behind the program is to stabilize the stock price. The company will repurchase up to 20,000 shares on any one day in the program. Repurchases will commence on January 12, 2012 and will continue until April 11, 2012. As of January 10, 2012, the company has no shares in treasury. Hanwha Securities Co., Ltd. acted as the broker to the company for the buyback.
DongYang P&F Co., Ltd. completed its share repurchase program on February 10, 2012. Under the plan, the company has repurchased 200,000 shares for KRW 1.58 billion.
DYPNF Co Ltd, formerly Dong Yang P&F Co Ltd, is a Korea-based company engaged in the design and manufacturing of bulk handling systems. The Company designs, manufactures, installs and tests bulk handling systems. The Companyâs products consist of pneumatic conveying systems, mechanical conveying systems and factory automation systems, which are used for fine chemical, plastic, steel, ceramic, fertilizer, food, construction and other industries. The Company distributes its products within domestic market and to overseas markets.
DYPNF CO.,LTD 
