Sang-A- Flontec Co., Ltd. closed an Equity Buyback in the amount of KRW1015.85 mm
August 24, 2012 at 12:00 am EDT
Share
The Board of Directors of Sang-A- Flontec Co., Ltd. (KOSE:A089980) authorized a share repurchase program on August 1, 2012. Under the program, the company will repurchase up to 250,000 shares for KRW 1.01 billion based on the closing price of KRW 4,045 of the company's share on July 31, 2012. The company will make repurchases on exchange through KOSDAQ market and will repurchase up to 25,000 shares on any one day in the program. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on August 2, 2012 and will continue until November 1, 2012. As of July 31, 2012, the company has no shares in treasury. Korea Investment & Securities Co., Ltd. acted as the broker for the buyback.
Sang-A- Flontec Co., Ltd. completed its share repurchase program on August 24, 2012. Under the plan, the company has repurchased 250,000 shares for KRW 1.02 billion.
SANG-A FRONTEC CO.,LTD is a Korea-based company principally engaged in the manufacture of electronic and industrial components. The Company's product portfolio consists of rechargeable battery components, including insulators, gaskets and others; display components, including flat panel display (FPD) cassettes, polytetrafluoroethylene (PTFE) sheets and others; printer components, including fuser belts, transfer belts, metal belts, phase inverter (PI) tubes and others, as well as panel boxes, panel trays, backup boards, wafer carriers, shipping boxes and others. The Company distributes its products within domestic market and to overseas markets.
SANG-A FRONTEC CO.,LTD. 
