JC Chemical Co., Ltd.'s Equity Buyback in the amount of KRW2500 mm has expired
September 21, 2012 at 12:00 am EDT
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The Board of Directors of JC Chemical Co., Ltd. (KOSE:A137950) authorized a share repurchase program on September 22, 2011. Under the program, the company will repurchase up to KRW 2.5 billion worth of shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The repurchased shares will be used for employee compensation, stock price stability, shareholders' value enhancement, and delivery for stock option exercise. The share repurchase program will be valid until September 21, 2012. Samsung Securities Co., Ltd. acted as a broker to JC Chemical Co., Ltd for the buyback transaction.
JC Chemical Co., Ltd.'s share repurchase program expired on September 21, 2012. Under the program, the company repurchased 363,266 shares for KRW 1.91 billion.
JC Chemical Co., Ltd. is a Korea-based company engaged in biofuel manufacturing business. The Company's main products consist of biodiesel as well as diesel oil, which are made from vegetable oil, animal fat, edible oil wastes and others. In addition, the Company also provides products of distillation, such as glycerin, pitch, fatty acid and others. The Company mainly provides its products to domestic defense agencies and oil companies.
JC CHEMICAL CO., LTD. 
