Jooyon Tech Co., Ltd.'s Equity Buyback in the amount of KRW700 mm has expired
April 30, 2012 at 12:00 am EDT
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The Board of Directors of Jooyon Tech Co., Ltd. (KOSE: A044380) authorized a share repurchase program on November 3, 2010. Under the program, the company will repurchase up to KRW 700 million worth own shares pursuant to a trust agreement with Shinhan Investment Corp. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on November 3, 2010 and will continue until May 2, 2011. As of November 3, 2011, the company has 1,422,990 shares directly owned treasury stock and 627,230 treasury stock under trust agreement.
On May 2, 2011, the company announced that it has extended the program till November 1, 2011.
On November 1, 2011, the company announced that it has extended the program till April 30, 2012.
Shinhan Investment Corp. acted as the broker for the buyback.
Jooyon Tech Co., Ltd.'s share repurchase program expired on April 30, 2012.
JOOYONTECH CO., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of personal computers (PCs) and computer peripheral products. The Companyâs products portfolio consists of PC desktops, liquid emitting diode (LED) monitors for PC use, and computer peripheral products, such as mouse, keyboards, speakers and others under the brand name JOOYONTECH Computer. In addition, the Company is involved in the distribution of its PC products through local agents, service centers and other distributors, such as Internet shopping malls, television and home shopping channels, discount stores and others. The Company distributes its products within domestic market and to overseas markets.
JOOYONTECH CO., LTD 
