Samchuly Bicycle Industrial Co. Ltd. closed an Equity Buyback in the amount of KRW1075.58 mm
August 31, 2012 at 05:00 am
Share
The Board of Directors of Samchuly Bicycle Industrial Co. Ltd. (KOSE:A024950) authorized a share repurchase program on July 31, 2012. Under the program, the company will repurchase up to 143,620 shares for KRW 1 billion, which is based on the closing price of the shares as on July 30, 2012. The purpose of the program is to stabilize the share prices and to enhance the shareholder's value. The shares will be repurchased directly from the KOSDAQ market. The daily volume for the repurchase is limited to 40,833 shares. The repurchases will commence from August 1, 2012 and will end on August 31, 2012. As of July 30, 2012, the company has a direct ownership of 766,380 shares in treasury. Korea Investment & Securities Co., Ltd acted as the broker to the company.
Samchuly Bicycle Industrial Co. Ltd. completed the share repurchase program on August 31, 2012. Under the program, the company has repurchased 143,620 shares for KRW 1.08 billion.
SAMCHULY BICYCLE CO., LTD. is a Korea-based company engaged in the manufacture and marketing of bicycles. The Company's offerings consist of folding bikes, women's bikes, children's bikes, racing bikes, mountain bikes and special bikes under the brand names such as Appalanchia, ELLE, HOUND, NEXT and LESPO. It is also involved in the provision of bicycle parts and related products, such as tires, helmets, goggles, bags, baskets, locks, infant saddles and saddle covers, among others. The Company mainly distributes its products within domestic market.
SAMCHULY BICYCLE CO., LTD 
