BMT Co., Ltd. announces an Equity Buyback for KRW 500 million worth of its shares.
November 25, 2013
Share
BMT Co., Ltd. (KOSE:A086670) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of shares under the contract with Mirae Asset Securities Co., Ltd. The purpose of repurchase program is stock price stability and enhancement of shareholder value. The repurchase program will be valid till November 25, 2014.
As of November 25, 2013, the company has 446 shares under direct ownership of treasury stock and 99,483 treasury stock under trust agreement.
BMT Co., Ltd is a Korea-based company mainly engaged in the manufacture of precision fittings and valves. The Company operates its business through fitting and valve segment, which produces fittings, including tube fittings, bite type fittings, flared fittings, thread fittings, forged fittings, high pressure fittings and hose fittings; valves, including ball valves, plug valves, needle valves, check valves, manifold and gauge valves, relief valves, toggle valves, double block bleed and mono flange valves, bleed and purge valves, excess flow valves and others, as well as clamps, molded case power distributors (MCPDs) and others, and specialty head segment, which produces clock heads, burnish heads, test write heads and others. It also provides breakers and steel scrap.
BMT CO., LTD. 
