Zeus Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
May 25, 2020 at 12:26 am
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Zeus Co., Ltd. (KOSDAQ:A079370) announces a share repurchases program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on May 25, 2021. As of May 24, 2020, the company had 121,616 shares in treasury within scope available for dividend and had no shares in treasury through other acquisitions.
ZeusCo Ltd is a Korea-based company mainly engaged in the manufacture and distribution of liquid crystal display (LCD) and semiconductor equipment. The Companyâs product portfolio consists of integrated management systems for LCD and solar cell processing, semiconductor cleaning equipment, plug valve equipment and others. It also provides repair services. The Company distributes its products within domestic market and to overseas markets.