DNF Co.,Ltd. announces an Equity Buyback for 200,000 shares.
April 18, 2017 at 09:17 pm
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DNF Co.,Ltd. (KOSDAQ:A092070) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 common shares. The estimated price for repurchase would amount to KRW 2,760 million, which is based on the market close price of April 18, 2017, of KRW 13,800 per share. The shares will be purchased through Korea Securities Dealers Automated Quotation market on exchange through direct acquisition. The purpose of the program is to improve the shareholder value and to stabilize the stock price. The maximum shares that will be repurchased on any single day are limited to 20,000 shares. The shares will be repurchased until July 19, 2017. As of April 18, 2017, the company had 100,000 shares in treasury under the scope available for dividend and no shares in treasury under other capacities.
DNF Co.,Ltd. is a Korea-based company engaged in the development, manufacture and marketing of chemical products used for semiconductor industry. The Company mainly produces amorphous carbon layer (ACL) products, which are used as hard mask film materials; atomic layer chemical vapor deposition (AL CVD) products, which are used for dynamic random-access memories (DRAMs) and flash memories; titanium nitride (TiN) products, which are used as diffusion barrier materials; superoxidase dismutase (SOD) products, and others, such as high-k precursors, silicon precursors and others. The Company also provides coating materials for automobiles, construction materials and others. In addition, it involves in the real estate rental business. The Company distributes its products within domestic market and to overseas markets, including China, Japan and Taiwan.
DNF CO.,LTD. 
