KPX Holdings Co.,Ltd. announces an Equity Buyback for KRW 6,000 million worth of its shares.
May 13, 2012
Share
The Board of Directors of KPX Holdings Co.,Ltd. (KOSE:A092230) authorized a share repurchase program on May 14, 2012. Under the program, the company will repurchase up to KRW 6 billion worth own shares pursuant to a trust agreement with TONGYANG Securities Inc. The purpose behind the program is to stabilize the stock price. Repurchases will commence on May 14, 2012 and will continue until November 14, 2012. TONGYANG Securities Inc. acted as the broker for the buyback.
KPX HOLDINGS CO., LTD. is a Korea-based company holding company engaged in the management of its subsidiaries. The Company's main subsidiaries consist of KPX CHEMICAL Co.,Ltd, engaged in the manufacture of polypropylene glycol, urethane products and electronic materials; KPX GREEN CHEMICAL CO.,LTD, mainly engaged in the provision of ethoxylates (EOA) used as surfactants; KPX Life Science Co., Ltd., engaged in the manufacture and distribution of active pharmaceutical ingredients (API) and pharmaceutical intermediates (PI), as well as KPX DEVELOPMENT CO., LTD, engaged in the management and leasing of KPX buildings and others, among others.
KPX HOLDINGS CO., LTD. 
