Sungchang Enterprise Holdings Limited (KOSE:A000180) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of common shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the buyback is to raise shareholder value and stabilize share price. The plan will be valid up to March 14, 2019.

As on March 14, 2018, the company had 3,210,162 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.