MK Electron Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
October 28, 2018 at 10:27 pm
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MK Electron Co., Ltd. (KOSDAQ:A033160) announces a share repurchase program. Under the program, the company will repurchase KRW 3,000 million under the contract with DB Financial Investment Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until April 30, 2019. As of October 28, 2018, the company had 221,406 shares in treasury under the dividend capacity and 446 shares in treasury under other capacities.
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. 
