The Board of Directors of Asec International Corp (GTSM:6113) authorized a share repurchase program on June 19, 2012. Under the program, the company will repurchase up to 3,560,000 shares, representing 6.40% of the company's total shares outstanding for TWD 156.26 million. The shares will be repurchased within the price range of TWD 6 to TWD 13 per share. The repurchases will commence on June 20, 2012, and will end on August 17, 2012.