Bright LED Electronics Corp. announces an Equity Buyback for 5,000,000 shares, for TWD 624.97 million.
March 20, 2020 at 10:49 am
Bright LED Electronics Corp. (TSEC:3031) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.68% of its issued share capital for TWD 624.97 million. The shares will be repurchased at a price falling in the price range from TWD 20.45 per share to TWD 7.5 per share. The purpose of the share repurchases is to transfer to maintain company's credit and shareholders' rights. The program is valid till May 22, 2020. As of March 20, 2020, the company has 10,000,000 shares in treasury.