MK Electron Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
May 29, 2019 at 01:48 am
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MK Electron Co., Ltd. (KOSDAQ:A033160) 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 Shinhan Investment Corp. The purpose of repurchase program is to improve shareholder value and to stabilize stock price. The program will expire on December 2, 2019. As of May 28, 2019, the company had 561,268 shares in treasury within scope available for dividend and had 446 shares in treasury through other repurchase.
MK ELECTRON CO., LTD. is a Korea-based company engaged in the manufacture of semiconductor package components. The Companyâs product portfolio consist of bonding wires, including gold bonding wires, Au-Ag alloy bonding wires, copper bonding wires and others, which are the materials for semiconductors manufacture that connect leads and silicon chips to transmit electrical signals; solder balls, which are the electronics solder parts that attach semiconductor chips, circuit modules and printed circuit boards (PCBs) to transmit electrical signals, as well as gold evaporate materials and gold sputtering targets. The Company distributes its products within domestic market and to overseas markets. On April 3, 2013, the Company established a new wholly owned subsidiary, MK Investment Co.,LTD, mainly engaged in the asset investments.
MK ELECTRON CO., LTD. 