Tranche Update on Daeyang Electric Co., Ltd.'s Equity Buyback Plan announced on January 8, 2015.
April 13, 2015
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From January 8, 2015 to March 31, 2015, the company has repurchased 30,170 shares, representing 0.32% for KRW 385.6 million. With this, the company has completed the repurchase of 30,170 shares, representing 0.32% for KRW 385.6 million under the buyback announced on January 8, 2015.
DAEYANG ELECTRIC. Co., Ltd. is a Korea-based company engaged in the manufacturing of lighting devices and electrical components. The Company's product portfolio consists of lighting devices, electronic systems, distribution boards, receptacles and fans. The lighting devices include fluorescent lightings, incandescent lightings, navigation and signal lightings, spot lights, search lights, anti-explosion lamps and others for industrial and ship uses. The electronic systems are used in marine communication and navigation equipment, refrigeration container monitoring systems, and others. The distribution boards are used for ships and trains. It also provides lead storage batteries through its subsidiary. The Company mainly distributes its products to overseas markets.