Dongwoon Anatech Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
February 05, 2018 at 04:00 am
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Dongwoon Anatech Co., Ltd. (KOSDAQ:A094170) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a contract with Mirae Asset Daewoo Securities Co. Ltd. The purpose of the program is to stabilize stock price and protect investors. The program will expire on August 5, 2018. As of February 4, 2018, the company had 483,302 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
Dongwoon Anatech Co., Ltd. is a Korea-based company mainly engaged in manufacturing integrated circuits (ICs). The Companyâs product portfolio consists of auto focus driver ICs used for mobile cameras; display driver ICs including active matrix/organic light emitting diode (AMOLED) direct current (DC)/DC converters used to drive AMOLED displays, and display driver IC (DDI) power ICs used to supply power to DDI for mobile phones and tablets; LED lighting ICs; various ICs for mobile back light units (BLUs), power management, LED flash, charging batteries, among others, and high definition (HD) haptic driver ICs.