Welcron Kangwon Co., Ltd.'s Equity Buyback in the amount of KRW1000 mm has expired
July 30, 2012 at 12:00 am EDT
Share
The Board of Directors of KANGWON B&E Co., Ltd. (KOSE: A114190) authorized a share repurchase program on July 29, 2010. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with Hyundai Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on July 29, 2010 and will continue until January 28, 2011. As of July 29, 2010, the company has no shares in treasury. Hyundai Securities Co., Ltd. acted as the broker for the buyback.
On January 27, 2011, the company extended its share repurchase program until July 29, 2011.
As of July 29, 2011, the company extended its share repurchase program until July 29, 2012.
Till July 27, 2012, the company has repurchased 221,751 shares.
KANGWON B&E Co., Ltd.'s share repurchase program expired on July 30, 2012.
Kangwon Energy Co Ltd, formerly Kangwon Co Ltd is a Korea-based company engaged in the manufacture and sale of industrial plant equipment. The Company operates its business through Industrial Plant Equipment segment. The Industrial Plant Equipment segment manufactures and sells industrial boiler equipment, chemical equipment, and environmental energy equipment, such as water pipe boilers, auxiliary power boilers, sulfur recovery equipment, thermal fluid boilers, and waste heat recovery equipment. The Company distributes its products in both domestic and overseas markets.
KANGWON ENERGY CO., LTD. 
