Samho Development Co., LTD announces an Equity Buyback for KRW 3,000 million worth of its shares.
March 19, 2020 at 10:58 pm EDT
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Samho Development Co., LTD (KOSE:A010960) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 3,000 million worth of its shares under the contract with Yuanta Securities. The purpose of the program is to stabilize stock prices and enhance corporate image. The program will be valid until September 30, 2020. As of March 19, 2020, the company had 1,250,000 shares in treasury under the dividend capacity and no shares in treasury under other buyback.
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 
