Semisysco Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
December 12, 2017 at 12:01 am
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Semisysco Co., Ltd (KOSDAQ:A136510) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million of its shares pursuant to a trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to stabilize the stock price. The program will be valid until June 12, 2018. As of December 11, 2017, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Smart Solutions Co Ltd, formerly EdisonEV Co Ltd, is a Korea-based company mainly engaged in the electric vehicle business. The Company operates through two segments. The Electric Vehicle segment is engaged in the manufacture and sale of electric vehicles. The Semiconductor and Display segment mainly manufactures display inspection equipment such as smart-end point detections (EPD) and smart-health monitoring systems (HMS) for plasma inspection and eagle eye systems (EGIS) for glass substrate inspection.