Sungwoo Electronics Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 14, 2018
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Sungwoo Electronics Co., Ltd. (KOSDAQ:A081580) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 1,000 million worth of its shares under the contract with KB Securities Co.,Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until May 14, 2019. As of November 14, 2018, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
SUNGWOO ELECTRONICS CO., LTD. is a Korea-based company mainly engaged in the manufacture of mobile phone parts. The Company operates its business through terminal segment, which mainly provides mobile phone parts, such as shield cans, shield surface mount devices (SMDs), contact parts, decoration parts and other assemblies; optical equipment segment, which provides camera parts, such as shutters and other optical components; software segment, which provides smart card solutions, and other segment, which provides printers and semiconductors.