SurplusGLOBAL, Inc. announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 17, 2020 at 02:46 am
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SurplusGLOBAL, Inc. (KOSDAQ:A140070) 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 Korea Development Bank. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on September 17, 2020. As of March 16, 2020, the company had 834,000 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
SurplusGLOBAL, Inc. is a Korea-based company principally engaged in purchase and sale of pre-owned semiconductor equipment. The Companyâs products include semiconductor pre-process equipment and semiconductor post-process equipment. The Company distributes its products within domestic market and to overseas markets.
SURPLUSGLOBAL, INC. 
