Samjin LND Co., Ltd. announces an Equity Buyback for 650,000 shares.
November 29, 2017 at 04:15 am
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Samjin LND Co., Ltd. (KOSDAQ:A054090) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares for KRW 1,521 million. The purpose of the program is to improve shareholder value through stock price stabilization. The repurchase program will continue until February 28, 2018. As of November 28, 2017, the company has 511,447 shares in treasury under buyback within dividend capacity and no shares in other buyback category.
SAMJIN LND CO., LTD. is a Korea-based company mainly engaged in the manufacture of electronic components. The Company operates its business through four main divisions: component division, which provides mold frames, gaskets and protective plastic (PP) cases for television (TV) back light units (BLUs), secondary batteries, automobile components and others; mold division, which provides designs and manufactures molds for BLUs, electronic components and others; office automation (OA) division, which provides finishers for printers, and laser diode (LD) division, which light-emitting diode (LED) lighting equipment; The Company also provides resins. In addition, it engages in the real estate rental business.
SAMJIN LND CO., LTD. 
