Tranche Update on Moatech Co., Ltd.'s Equity Buyback Plan announced on December 22, 2016.
January 24, 2017
Share
From December 22, 2016 to January 18, 2017, the company has repurchased 5,126,656 shares, representing 35.83% for KRW 24,864.28 million. With this, the company has completed the repurchase of 5,126,656 shares, representing 35.83% for KRW 24,864.28 million under the buyback announced on December 22, 2016.
MOATECH CO.,LTD is a Korea-based company mainly engaged in the provision of stepping motors. Along with its subsidiaries, the Company's product portfolio consists of heating ventilation air conditioning (HVAC) step actuators, active incar sensors, linear step actuators, linear step motors, stepping motors, brushless direct current (BLDC) motors, adaptive front light system (AFS) actuators, adjustable electric thermostat (AET) step actuators, refrigerant control valves, solenoids, linear expansion valves, dampers and others. The Company distributes its products within domestic market and to overseas markets. In addition, the Company also engages in the distribution of oil products used for automobiles. On August 4, 2014, it announced that its stake in the Hysonic Co Ltd has decreased to 0%.
MOATECH CO., LTD. 
