Tranche Update on Avaco Co., Ltd.'s Equity Buyback Plan announced on August 19, 2016.
November 20, 2016
Share
From August 19, 2016 to September 30, 2016, the company has repurchased 659,335 shares, representing 4.39% for KRW 4,095.03 million. With this, the company has completed the repurchase of 659,335 shares, representing 4.39% for KRW 4,095.03 million under the buyback announced on August 19, 2016.
AVACO CO., LTD. is a Korea-based company mainly engaged in the manufacture of flat panel display (FPD) equipment. The Companyâs products consist of conveyances, including stockers and maintenance cranes; specialized equipment, including auto claves, scribes and break systems, tab bonders and polarizer film attachment equipment, and vacuum equipment, including evaporation and coating systems, sputter systems, organic light-emitting diode (OLED) encapsulation systems, exhaust and gas filling systems and manufacture equipment for solar cells. The Company distributes its products within domestic market and to overseas markets.