DongYang P&F Co., Ltd. closed an Equity Buyback in the amount of KRW1065.2 mm
June 25, 2013 at 12:00 am EDT
Share
The Board of Directors of DongYang P&F Co., Ltd. (KOSE:A104460) authorized a share repurchase program on April 9, 2013. Under the program, the company will repurchase up to 150,000 shares for KRW 1.02 billion based on the closing price of company's share on April 8, 2013. Repurchases will be made on exchange through Korea Securities Dealers Automated Quotation market. The purpose behind the program is to stabilize the stock price. The company will repurchase up to 15,000 shares on any one day in the program. Repurchases will commence on April 10, 2013 and will continue until July 9, 2013. As of April 8, 2013, the company has 400,367 shares in treasury under direct ownership of treasury stock. Hanwha Securities Co. Ltd. acted as the broker to the company for the buyback.
DongYang P&F Co., Ltd. completed its share repurchase on June 25, 2013. Under the plan, the company has repurchased 150,000 shares for KRW 1.06 billion.
DYPNF Co Ltd, formerly Dong Yang P&F Co Ltd, is a Korea-based company engaged in the design and manufacturing of bulk handling systems. The Company designs, manufactures, installs and tests bulk handling systems. The Companyâs products consist of pneumatic conveying systems, mechanical conveying systems and factory automation systems, which are used for fine chemical, plastic, steel, ceramic, fertilizer, food, construction and other industries. The Company distributes its products within domestic market and to overseas markets.
DYPNF CO.,LTD 
