ABOV Semiconductor Co., Ltd. announces an Equity Buyback for KRW 1,800 million worth of its shares.
July 09, 2018 at 01:19 am
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ABOV Semiconductor Co., Ltd. (KOSDAQ:A102120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,800 million worth of its shares, pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price. The program will expire on January 8, 2019. As of July 8, 2018, the company had 756,835 shares in treasury within scope available for dividend and had 2 shares in treasury under other capacities.
ABOV Semiconductor Co., Ltd is a Korea-based company engaged in the development and manufacture of semiconductor chips. The Company mainly produces general purpose micro-controller units (MCUs), including flash type for household appliances as well as audio and video equipment, and one time programmable (OTP) type for small-sized household appliances and remote controllers, and special MCUs, mainly used for environment, sensors, voice integrated circuits (ICs) and others. In addition, the Company provides peripheral ICs and others. Its main customers are Samsung, LG, Midea, Haier, Dension and others. On January 1, 2013, the Company merged with its wholly owned subsidiary, ETA CHIPS CO., which is mainly engaged in the semiconductor and software.
ABOV SEMICONDUCTOR CO., LTD. 
