Samyung Trading Co., Ltd. announces an Equity Buyback.
December 16, 2018
Share
Samyung Trading Co., Ltd. (KOSE: A002810) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,170 million worth of shares. The purpose of the buyback is to improve shareholder value by stabilizing stock price. The plan will expire on March 15, 2019. As on December 17, 2018, the company had 100,000 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Samyung Trading Co., Ltd. is a Korea-based company principally engaged in the distribution of chemical and related products. The Company operates its business through three segments: chemical segment which provides organic and inorganic chemical products such as paints, paint thinners, inks, glues, binders and photo gravure printing chemicals, synthetic leather, urethane and other synthetic resins, medical compositions, chemical reagents, metal detergents and solvents; lens segment which mainly produces and distributes ophthalmic lens and other segment which manufactures and distributes crystal oscillator bases along with its subsidiary Sammyung Precision(Jiaxing) Co.,Ltd., and distributes automobile interior and exterior parts including radiator grilles, emblems, moldings and other lettering works.
SAMYUNG TRADING CO., LTD. 
