HB Technology CO.,LTD. announces an Equity Buyback for KRW 2,000 million worth of its shares.
July 10, 2018 at 10:49 pm
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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 shares pursuant to a trust agreement with SK Securities Co., Ltd. The purpose of repurchase program is to improve shareholder value and to stabilize stock price. The repurchase program is valid till January 11, 2019. As of July 11, 2018, the company had 1,042,595 shares in treasury under buyback within dividend capacity and 330,035 shares in treasury under other buyback category.
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. 
