HS Valve Co., Ltd (KOSDAQ:A039610) announces a share repurchase program. Under the program, the company will repurchase up to 19,414 shares for a total of KRW 131.04 million, which is based on the closing price of KRW 6,750 per share on November 19, 2015. The company will make direct repurchase on the exchange through KOSDAQ Market.

The purpose of the share repurchase program is to repurchase additional shares due to the lack of the number of treasury shares owned due to the exchange value adjustment of the exchangeable bond. The maximum number of shares that may be repurchased on any day is 5,710 shares. The share repurchase program is valid until February 20, 2016.

As of November 19, 2015, the company had 694,871 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.