Daewon Kangup Co., Ltd.'s Equity Buyback in the amount of KRW1000 mm has expired
November 09, 2012 at 05:00 am
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The Board of Directors of Daewon Kangup Co., Ltd. (KOSE:A000430) authorized a share repurchase program on October 26, 1992. 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 repurchase program is valid until September 24, 2002.
On September 25, 2002, the company extended the plan till September 23, 2007.
On September 24, 2007, the company extended the plan till September 23, 2012.
On September 24, 2012, the company extended the plan till September 23, 2022.
Korea Investment & Securities Co., Ltd. acted as a broker Daewon Kangup Co., Ltd. for the buyback transaction.
On November 6, 2012, the company announced that the repurchase program will end on November 9, 2012. Till November 6, 2012, the company has repurchased 432,000 shares.
Daewon Kangup Co., Ltd.'s share repurchase program expired on November 9, 2012.
DaeWon Kang Up Co., Ltd is a Korea-based company engaged in the manufacturing and sale of automobile parts. The Company mainly produces springs and seats. Its spring products consist of suspension springs, which include leaf springs, coil springs, stabilizer bars, air springs, air suspension systems and pusher axle suspension kits, as well as precision springs, which consist of engine valve springs, auto-clutch return springs, wire springs, flat springs, information technology (IT) components, die springs and disk springs. Its seat products are comprised of seats for vehicles and trains. It also produces and exports spring and seat manufacturing equipment. On October 11, 2013, it established a new overseas subsidiary, namely DAEWON-AvtoVazAgregat Seats LLC, engaged in the production, assembly and sale of seat and seat system.
DAEWON KANG UP CO., LTD. 
