Fine Semitech Corp. announces an Equity Buyback for KRW 1,000 million worth of its shares.
June 08, 2018 at 02:43 am
Fine Semitech Corp. (KOSDAQ:A036810) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of common stock pursuant to a contract with KB Securities Co., Ltd.. The purpose of the plan is to stabilize stock price and to increase shareholder value. The plan will be valid up to December 8, 2018. As on June 8, 2018, the company had 1,994,870 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.