Silla Co., Ltd.'s Equity Buyback in the amount of KRW3000 mm has expired
September 21, 2012 at 12:00 am EDT
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The Board of Directors of Silla Co., Ltd. (KOSE:A004970) authorized a share repurchase program on July 6, 2010. Under the program, the company will repurchase up to KRW 3 billion of its shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. dated July 7, 1998. The purpose of the plan is to stabilize stock prices. The repurchases will commence on July 7, 2010, and will end on January 6, 2011. As of July 6, 2010, the company holds 220,860 shares under trust agreements.
On January 4, 2011, the company announced that it has extended the program till July 6, 2011.
On July 5, 2011, the company announced that it has extended the program till January 6, 2012.
On January 3, 2012, the company announced that it has extended the program till July 6, 2012.
On July 3, 2012, the company announced that it has extended the program till September 25, 2012. Korea Investment & Securities Co., Ltd. acted as broker to the company.
Silla Co., Ltd.'s share repurchase program expired on September 25, 2012. Under the plan, the company has made no repurchases.
SILLA CO.,LTD is a Korea-based company mainly engaged in the deep-sea fishing business and aquatic products distribution business. Along with subsidiary, the Company operates its business through five segments. The Deep-sea Fishing Business segment engages in the provision of tunas for processing and tunas for sashimi. The Aquatic Products Distribution segment sells aquatic products, such as pollacks and tunas to domestic and overseas markets. The Steel Business segment mainly wholesales stainless products to domestic construction companies, specialty steel processing companies and shipbuilders. The Agricultural Products Distribution segment is engaged in the distribution of vegetables and fruits. The Others segment engages in the real estate rental business.
SILLA CO.,LTD 
