Linkgenesis Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
March 13, 2020 at 04:07 am
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Linkgenesis Co., Ltd. (KOSDAQ:A219420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of own shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 12, 2021. As of March 12, 2020, the company had no treasury shares within scope available for dividend and 214,750 shares in treasury through other repurchase.
Linkgenesis Co., Ltd. is a Korea-based company primarily engaged in providing automated software testing solution for semiconductor, Liquid Crystal Display (LCD), Light Emitting Diode (LED) and solar industries. The Companyâs products include Machine Auto Tester (MAT), Validation System For embedded Linux Target (VOLT) and Smart Monkey And Random Tester (SMARTER). It also provides Implementing & operating automated testing environment, outsourced software testing service and test consulting service.