EO Technics Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
March 13, 2020 at 07:29 am
Share
EO Technics Co., Ltd. (KOSDAQ:A039030) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a trust contract with Small and Medium Business Bank (IBK Enterprise Bank). The purpose of the share repurchase is to stabilize stock price and enhance shareholder value. The repurchase program will expire on September 17, 2020. As of March 12, 2020, the company had no shares within scope available for dividend and had 2,852 shares in treasury through other repurchase.
EO Technics Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of semiconductor laser markers and laser application equipment. The Companyâs main offerings are laser markers, which are used to record information like date, name and sorts on the surface of wafers, inside of flat panel displays (FPDs) and other materials. It also provides laser cutters, laser drillers, laser trimmers, laser patterning machines and others, which are applied in the printed circuit board (PCB), secure digital (SD) memory cards and others. In addition, it imports and sells optical products, laser source gases and others, as well as PCB laser tall processing services. The Company distributes its products within domestic market and to overseas markets.
EO TECHNICS CO., LTD. 
