UJU Electronics Co., Ltd. announces an Equity Buyback for 200,000 shares.
August 08, 2016
Share
UJU Electronics Co., Ltd. (KOSDAQ:A065680) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for a total of KRW 3,150 million, which is based on the closing price of KRW 15,750 per share on August 8, 2016. Repurchases will be made on KOSDAQ. The purpose of the share repurchase program is to improve shareholder value through stock price stabilization. The maximum number of shares that the company may repurchase on any day is 20,000 shares. The actual buyback amount may change according to the hereafter change in the stock price. The share repurchase program is valid until November 8, 2016. As of August 8, 2016, 2016, the company had 1,165,125 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
UJU ELECTRONICS CO. LTD is a Korea-based company mainly engaged in the manufacture and distribution of connectors. The Company's products consist of connectors, including information technology (IT) connectors, board to board connectors, flexible printed circuits (FPCs) connectors, memory connectors and others, which are used for liquid crystal displays (LCDs), mobile phones and other machines, as well as flexible flat cables (FFCs), mobile cover cases and others. In addition, the Company is involved in the real estate rental business. It distributes its products within domestic market and to overseas markets.