Tranche Update on Teems, Inc.'s Equity Buyback Plan announced on November 1, 2013.
February 18, 2014
Share
From November 1, 2013 to December 31, 2013, the company has repurchased 49,800 shares, representing 2.62% for KRW 0.07 million. With this, the company has completed the repurchase of 49,800 shares, representing 2.62% for KRW 0.07 million under the buyback announced on November 1, 2013.
Sidiz, Inc., formerly Teems, INC., is a Korea-based company mainly engaged in the manufacture of furniture for educational use. The Company produces desks, bookcases, chairs, sofas, lecture desks, tables, cabinets, sinks, experiment benches, beds, storage closets and others. Its products are used for ordinary libraries, ubiquitous computing libraries, ordinary classrooms, dormitories, lecture rooms, laboratories, research rooms and others. It also involves in the furniture processing business. The Company distributes its products within domestic market and to overseas markets. On November 15, 2013, it announced that Sidiz, Inc and four related parties acquired a 4.07% stake of the Company. After the transaction, Sidiz, Inc and the four related parties had a combined 50.50% stake in the Company.
SIDIZ.INC. 
