SeAH Special Steel Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
June 11, 2012
Share
The Board of Directors of SeAH Special Steel Co., Ltd. (KOSE:A019440) authorized a share repurchase program on June 12, 2012. Under the program, the company will repurchase up to KRW 5 billion worth own shares pursuant to a trust agreement with Hana Daetoo Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on June 12, 2012 and will continue until June 11, 2013. As of June 11, 2012, the company has no treasury shares.
Hana Daetoo Securities Co., Ltd. acted as the broker to SeAH Special Steel Co., Ltd. for the buyback transaction.
SeAH SPECIAL STEEL CO.,LTD. is a Korea-based company engaged in the manufacture of steel products. The Company's product portfolio consists of cold heading quality (CHQ) wires and cold drawn (CD) bars. Its CHQ wires are used in making coupling parts, such as bolts, nuts and small screws, and in parts for machines, such automobiles and electrical equipments. Its CD bars are mainly used as machines parts and electronics materials. In addition, the Company produces stainless steel (STS) bars and others. The Company distributes its products within domestic market and to overseas markets.
SEAH SPECIAL STEEL CO., LTD. 
