Dongwoon Anatech Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
July 23, 2018 at 12:20 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 3,000 million worth of its shares, pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to stabilize stock price and protect investors. The program will expire on January 23, 2019. As of July 22, 2018, the company had 646,437 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
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.