Zaigle Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 08, 2016 at 07:34 pm EST
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Zaigle Co., Ltd. (KOSDAQ:A234920) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares under the contract with Hyundai Securities Co., Ltd. The purpose of the program is to improve shareholder value through stock price stabilization. The program is valid until May 9, 2017. As of November 8, 2016, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
ZAIGLE Co., Ltd. is a Korea-based company primarily engaged in the manufacture and distribution of cooking apparatus. The Company operates its business through three segments. The Kitchen Electric Appliances segment manufactures and distributes roasters under the brand names of ZAIGLE-HANDSOME, ZAIGLE-PLUS and others. The Household Appliances segment manufactures and distributes household electric appliances under the brand names of ZAIGLE-AIR, ZAIGLE-CLEAR and others. The Other segment manufactures pans and other components, which are used for the cooking apparatus. The Company distributes its products within domestic market and to overseas markets.
ZAIGLE CO., LTD. 
