Dongsung Finetec Co., Ltd. (KOSDAQ:A033500) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares for KRW 2,744 million based on the closing stock price as on December 4, 2014. The shares will be repurchased on the exchange.

The purpose of the program is to stabilize the stock price and to enhance shareholders' value. The maximum shares that can be bought on any single day are limited to 55,956 shares. The program will run till January 7, 2015.

As of December 4, 2014, the company had nil shares in treasury under the scope available for dividend as well as under other capacities.