Digital Imaging Technology Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
April 09, 2019 at 10:38 pm
Share
Digital Imaging Technology Co., Ltd. (KOSDAQ:A110990) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to stabilize share prices and to raise shareholder value. The program will expire on October 9, 2019. As of April 9, 2019, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Digital Imaging Technology, INC. is a Korea-based company mainly engaged in the production and sale of flat panel display inspection equipments. The flat panel display inspection equipments include organic light emitting diodes (OLEDs), liquid crystal displays (LCDs) and touch screen panels (TSPs), among others. The Company manufactures and sells laser cutting, grinder equipments, ultraviolet (UV) exposure and curing equipment and film inspection equipments. In addition, the Company is involved in the production and sale of other products, including panel level packaging (PLP) inspection equipments, car inspection equipment, 3 dimension (3D) inspection and measurement equipments, among others. The Company distributes its products within the domestic market and to overseas markets.