Nara Mold & Die Co. Ltd. announces an Equity Buyback
June 10, 2012
Share
The Board of Directors of Nara Mold & Die Co. Ltd. (KOSE:A051490) authorized a share repurchase program on June 11, 2012. Under the program, the company will repurchase up to 400,000 shares for KRW 880 million based on the closing price of company's share on June 8, 2012. Repurchases will be made from the KOSDAQ Market. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 40,000 shares on any one day in the program. Repurchases will commence on June 12, 2012 and will continue until September 11, 2012. As of June 10, 2012, the company has 400,000 shares in treasury under direct ownership and 344,047 shares in treasury under trust agreement. Samsung Securities Co., Ltd. acted as the broker for the buyback.
NARA Mold & Die Co., Ltd. is a Korea-based mold manufacturer. The Company operates its business through two segments: mold segment and component segment. The mold segment provides two categories of products: press dies and injection molds. Its press dies include transmission parts, seat parts, transmission parts and body parts for vehicles; drum parts, front covers, tub bases and others for appliances, and shadow masks, back covers and others for displays. Its injection molds consist of vehicle parts, such as heater cases, blower cases, door trims and others; appliance parts, such as molds for home appliances and displays, and molds for mobile phones, living goods and consumer products. The component segment produces automobile seats, pedal assemblies, roller rocker arm bodies, refrigerator home bar bridges, cosmetic containers, microwave door assemblies and others. The Company distributes its products within domestic market and to overseas markets.
NARA MOLD & DIE CO., LTD. 
