SUNIC SYSTEM Co., Ltd. announces an Equity Buyback.
March 19, 2020 at 01:44 am
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SUNIC SYSTEM Co., Ltd. (KOSDAQ:A171090) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 18, 2020. As of March 18, 2020, the company had 382,447 shares in treasury within scope available for dividend and had 1,824 shares in treasury through other repurchase.
SUNIC SYSTEM Co., Ltd., formerly SUNIC SYSTEM Ltd., is a Korea-based company principally engaged in the manufacture and distribution of organic light emitting diode (OLED) equipment. The Companyâs products include Sunicel Plus 1850, Sunicel Plus 400, Sunicel Plus 400L, Sunicel Plus 200 and Sunicel Plus 200L. The Company distributes its products within domestic market and to overseas markets.