Avatec Co., Ltd. announces an Equity Buyback for 348,432 shares, for KRW 2,000 million.
July 09, 2018 at 02:37 am
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Avatec Co., Ltd. (KOSDAQ:A149950) announces a share repurchase program. Under the program, the company will repurchase up to 348,432 shares for KRW 2,000 million. The purpose of the buyback is to improve shareholder value and to stabilize stock price. The program will be valid up to October 8, 2018. As of July 8, 2018, the company had 476,952 shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.
AVATEC CO., LTD. is a Korea-based company mainly engaged in the manufacture of electronic components. The Company manufactures glass slimming and indium tin oxide (ITO) coating products, as well as display filters. The Company also provides surface treatment products. The Company's products are used for mobile phones, plasma display panels (PDPs), televisions (TVs), household appliances, tablet personal computers (PCs) and others. The Company distributes its products with domestic market and to overseas markets.