[E-Daily Reporter Kim Kyung-eun ] SAMJI ELECTRONICS CO., LTD.(037460)announced on the 6th that it has decided to enter into a trust agreement for the repurchase of its own shares worth 15 billion won. The contract period runs from today through January 5 of next year. NH INVESTMENT & SECURITIES is the contracting institution and the entrusted investment broker. The number of shares to be acquired is 442,477 common shares. The purchase price per share is 33,900 won.
The company explained that the purpose of the agreement is “to stabilize the stock price, enhance shareholder value, and provide performance-based compensation to executives and employees.”