SPC Samlip Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
March 16, 2017 at 01:38 am
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SPC Samlip Co., Ltd. (KOSE:A005610) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of shares pursuant to a trust contract with Shinhan Investment Corp. The purpose of the program is to stabilize the share price and to enhance the shareholders’ value. The repurchase program is valid until September 15, 2017. As on March 15, 2017, the company had 455,197 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
SPC Samlip Co Ltd is a Korea-based company principally engaged in the manufacture and distribution of bread and food materials. The Company operates its business through four segments. The Bakery Business segment mainly produces bread, sandwiches and bakery foods. The Food Business segment mainly manufactures and sells food including flour, eggs, processed meats and rice cakes and others. The Distribution Business segment mainly sells food materials and related food materials. The Other segment engages in the leasing of real estates, and others.
SPC SAMLIP CO., LTD. 
