Samho Development Co., LTD announces an Equity Buyback for KRW 3,000 million worth of its shares.
November 20, 2017 at 08:04 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 shares under a contract with Yuanta Securities Korea Co., Ltd. The purpose the share buyback program is the stability of the share price and enhancement of corporate image. The program will continue until May 21, 2018. As of November 20, 2017, the company had no shares as treasury stock within the dividend capacity and no shares in treasury under other capacities.
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 
