Alexander Marine Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 2.2% for TWD 1,693.02 million.
July 29, 2021 at 08:15 am
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Alexander Marine Co., Ltd. (TWSE:8478) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.20% of its issued share capital for a total purchase price of TWD 1,693.02 million. The shares will be repurchased within the price range of TWD 50 to TWD 102 per share. The purpose of the program is to protect company reputation and shareholder equity. The program will continue through September 28, 2021. As of July 29, 2021, the company has 914,000 shares in treasury.
Alexander Marine Co Ltd is a Taiwan-based company principally engaged in the manufacturing and sale of luxury yachts and spare parts. The Company manufactures various luxury yachts and spare parts utilizing technologies for 3D modeling and others. The Company provides megayachts, motoryachts, fuel tanks, as well as related spare parts, among others.