HB Technology CO.,LTD. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 20, 2020 at 02:08 am
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HB Technology CO.,LTD. (KOSDAQ:A078150) 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 Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 20, 2020. As of March 19, 2020, the company had 1,730,940 shares in treasury within scope available for dividend and had 330,035 shares in treasury through other repurchase.
HB Technology CO.,LTD., formerly NCB NETWORKS CO.,LTD., is a Korea-based company mainly engaged in the manufacture of semiconductor inspection equipment. The Companyâs products include automated optical inspection (AOI) systems, which are used for thin film transistor liquid crystal displays (TFT LCDs), organic light-emitting diodes (OLEDs) and plasma display panels (PDPs); POL inspection systems, which are mainly used for plat films of LCD displays, and bare glass inspection systems. The Companyâs customers include SAMSUNG ELECTRONICS CO,.LTD, Samsung Mobile Display Co., Ltd., Samsung Corning Precision Materials Co., Ltd., Beijing BOE Display Technology Co., Ltd., and other display and semiconductor manufacturers. On July 8, 2013, it merged with LST, a Korea-based company mainly engaged in the manufacturing and sales of display parts. After the merger, the Company survived and LST was dissolved.
HB TECHNOLOGY CO.,LTD. 