Samho Development Co., LTD announces an Equity Buyback for KRW 3,000 million worth of its shares.
January 17, 2021 at 09:05 pm EST
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Samho Development Co., LTD (KOSE:A010960) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Daishin Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on July 18, 2021. As of January 17, 2021, the company had 2,000,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Samho Development Co.,Ltd is a Korea-based company principally engaged in the civil engineering business. The Company, together with its subsidiaries, operates in two segments: construction segment and venture capital segment. Its construction segment is involved in the construction of expressways, subways, bridges, tunnels, leisure facilities and port facilities, as well as residential and industrial complexes and others. Its venture capital segment is involved in the investment in start-up entrepreneurs, business portfolios and other small- and medium-sized new technology venture companies. It also provides aggregates, leasing of properties and others.
SAMHO DEVELOPMENT CO., LTD 
