STraffic co.,Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 22, 2020 at 10:39 pm
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sTraffic co.,Ltd. (KOSDAQ:A234300) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its common stock, pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on September 22, 2020. As of March 22, 2020, the company had 35,827 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
STraffic Co,. Ltd is a Korea-based company principally engaged in the development, manufacture, distribution, installation, maintenance and upgrade of related systems. The Company operates its business through two segments. Road Segment is mainly engaged in the development, manufacture, distribution and installation of the toll collection system and intelligent transportation system. The railway segment is engaged in the development, manufacture, distribution and installation of railway signaling and railway communication systems. The Company distributes its products within domestic market and to overseas markets.