CNPLUS Co., Ltd.'s Equity Buyback in the amount of KRW1000 mm has expired
February 12, 2013 at 11:00 pm
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The Board of Directors of CNPLUS Co., Ltd. (KOSE:A115530) authorized a share repurchase program on August 14, 2012. Under the program, the company will repurchase up to KRW 1 billion worth of shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholders' value and stabilize the share price. The share repurchase program will be valid until February 13, 2013. As of August 14, 2012, the company has no shares in treasury.
Till February 12, 2013, the company has repurchased 115,732 shares. Korea Investment & Securities Co., Ltd. acted as the broker to CNPLUS Co., Ltd.
CNPLUS Co., Ltd.'s share repurchase program expired on February 13, 2013.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
