Hyundai Telecommunication.Co.Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
January 30, 2020 at 02:02 am
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Hyundai Telecommunication.Co.Ltd (KOSDAQ:A039010) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a contract with Daishin Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program will be valid until January 29, 2021. As of January 29, 2020, the company had no shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Hyundai HT Co Ltd, formerly Hyundai Telecommunication Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of smart home products. The Company provides home network system and home automation system that can connect information devices such as lighting, gas and heating devices through a network and control them from inside and outside the house through smartphones and Internet. The Company also provides smart security solutions such as crime prevention and disaster prevention systems, smart access control systems, parking control systems, smart location recognition systems, closed circuit television (CCTV) systems, and emergency bell systems, among others.
HYUNDAI HT CO,LTD. 
