LIG ADP Co.,Ltd. closed an Equity Buyback in the amount of KRW646.76 mm
August 17, 2012 at 12:00 am
Share
The Board of Directors of LIG ADP Co.,Ltd. (KOSE:A079950) authorized a share repurchase program on May 18, 2012. Under the program, the company will repurchase up to 250,000 shares for KRW 612.5 million based on the closing price of the company's share as on May 17, 2012. The repurchases will be made directly on the KOSDAQ market. The purpose of the program is to stabilize the stock price. The maximum number of daily order for the repurchase has been set at 25,000 shares. The repurchases will commence from May 21, 2012 and will continue until August 20, 2012. As of May 17, 2012, the company has 350,000 shares under the direct ownership of the treasury stock.
LIG Investments Securities acted as a broker to LIG ADP Co.,Ltd. for the buyback transaction.
LIG ADP Co.,Ltd. completed its share repurchase program on August 17, 2012. Under the program, the company has repurchased 250,000 shares at an average price of KRW 2,587 per share, for a total of KRW 646.76 million.
INVENIA Co.,Ltd., formerly LIG INVENIA Co.,Ltd., is a Korea-based company mainly engaged in the manufacture of liquid crystal display (LCD) manufacturing equipment and inception equipment. The Company's products include LCD front-end equipment, including dry etchers and vacuum alignment system (VAS) equipment; inspection equipment, including thin film transistor (TFT) automated optical inspection (AOI) equipment, color filter (CF) AOI equipment and macro inspection systems, as well as organic light-emitting diode (OLED) and LED equipment, such as metal organic chemical vapor deposition (MOCVD) equipment. The Company distributes its products within domestic market and to overseas markets.
INVENIA CO., LTD. 
