FINETEK Co., Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
May 18, 2017 at 04:53 am
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Finetek Co., Ltd. (KOSDAQ:A131760) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is stability and enhancing shareholder's value of share price. The program is valid until November 21, 2017. As of May 17, 2017, the company had 150,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
FINETEK CO., LTD. is a Korea-based company principally engaged in engaged in the manufacture and distribution of display components. The Company mainly manufactures display components including black light units (BLUs) which are used in smart phones, tablet personal computers, navigations and other digital products. The Company also produces touch screen panels (TSPs) which are touch screen modules used in mobile devices, and liquid crystal display (LCD) modules (LCMs) and TSP sensors. The Company manufactures and distributes its products in domestic and overseas markets.
FINETEK CO., LTD. 