SPC Samlip Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
February 23, 2017 at 12:38 am EST
Share
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 program is valid until August 22, 2017. As on February 22, 2017, the company had 408,165 common shares in treasury under the dividend capacity and no common shares in treasury under other capacities.
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. 
