CNPLUS Co., Ltd. announces an Equity Buyback in the amount of KRW1000 mm
August 13, 2012
Share
The Board of Directors of CNPLUS Co., Ltd. (KOSE:A115530) authorized a share repurchase program on August 14, 2012. Under the program, the company will repurchase up to KRW 1 billion worth of shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholders' value and stabilize the share price. The share repurchase program will be valid until February 13, 2013. As of August 14, 2012, the company has no shares in treasury.
Korea Investment & Securities Co., Ltd. acted as the broker to CNPLUS Co., Ltd. for the buyback transaction.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
