Danawa Co.,Ltd announces an Equity Buyback in the amount of KRW1500 mm
February 31, 2012
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The Board of Directors of Danawa Co.,Ltd (KOSE:A119860) authorized a share repurchase program on February 1, 2012. Under the program, the company will repurchase up to KRW 1.5 billion worth own shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on February 1, 2012 and will continue until July 31, 2012. Korea Investment & Securities Co., Ltd. acted as the broker for the buyback.
ConnectWave Co Ltd, formerly DANAWA Co., Ltd, is a Korea-based company mainly engaged in the operation of online price comparison Websites. The Company operates its business through two segments. The Danawa Business segment is engaged in the provision of affiliated shopping, advertising and information services. It is also engaged in the wholesale of computer peripheral products such as cases, power supplies and others. The DPGZone Business segment is engaged in the development of online sports platforms and others.
CONNECTWAVE CO., LTD. 
