Nara Mold & Die Co., Ltd.'s Equity Buyback has expired
July 09, 2013 at 12:00 am EDT
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The Board of Directors of Nara Mold & Die Co. Ltd. (KOSE:A051490) authorized a share repurchase program on April 9, 2013 . Under the program, the company will repurchase up to 900,000 shares for KRW 2.45 billion based on the closing price of the company's shares as on April 8, 2013. The repurchases will be made on the stock exchange. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value. The company will repurchase up to 90,000 shares on any day in the program. The repurchases will commence from April 10, 2013 and will continue until July 9, 2013. As of April 8, 2013, the company has 297,425 shares in treasury under the direct ownership and no shares in treasury under trust agreement. Samsung Securities Co., Ltd. acted as the broker to Nara Mold.
Nara Mold & Die Co. Ltd.'s share repurchase program expired on July 9, 2013. Under the program, the company has repurchased 660,547 shares for KRW 1.97 billion.
NARA Mold & Die Co., Ltd. is a Korea-based mold manufacturer. The Company operates its business through two segments: mold segment and component segment. The mold segment provides two categories of products: press dies and injection molds. Its press dies include transmission parts, seat parts, transmission parts and body parts for vehicles; drum parts, front covers, tub bases and others for appliances, and shadow masks, back covers and others for displays. Its injection molds consist of vehicle parts, such as heater cases, blower cases, door trims and others; appliance parts, such as molds for home appliances and displays, and molds for mobile phones, living goods and consumer products. The component segment produces automobile seats, pedal assemblies, roller rocker arm bodies, refrigerator home bar bridges, cosmetic containers, microwave door assemblies and others. The Company distributes its products within domestic market and to overseas markets.