Sindoh Co.,Ltd.'s Equity Buyback in the amount of KRW10000 mm has expired
August 13, 2012 at 12:00 am EDT
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The Board of Directors of Sindoh Co.,Ltd. (KOSE:A029530) authorized a share repurchase program on March 6, 2009. Under the program, the company will repurchase up to KRW 10 billion worth own shares pursuant to a trust agreement with Shinhan Bank. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on March 6, 2009 and will continue until March 6, 2010. As of March 6, 2009, the company has 187,820 shares under trust agreement.
On March 5, 2010, the company extended the share repurchase program until March 8, 2011.
On March 4, 2011, the company extended the share repurchase program until September 8, 2011.
On September 6, 2011, the company announced that it has extended the program till September 8, 2012. Shinhan Bank acted as the broker for the buyback.
Sindoh Co.,Ltd.'s share repurchase program expired on August 13, 2012. The company terminated the program citing efficient use of funds as the reason.
Sindoh Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of multifunction devices. The Company operates its business through five segments. The Multifunction Device segment is mainly engaged in the production and sales of digital color multifunction devices, digital monochrome multifunction devices, color multifunction devices, and monochrome multifunction devices. The Automatic Document Feeder (ADF) and Sorter segment mainly manufactures and supplies convenient document copying devices. The Consumables segment produces and sells products such as 3D printers, digital multifunction devices, printers, fax machines, and paper. The Merchandise segment mainly sells N series multifunction devices. The Other segment sells after-sales (A/S) parts and is engaged in fax rental business. The Company sells its products in both domestic and overseas markets.
SINDOH CO.,LTD. 
