Radiant Opto-Electronics Corporation (TWSE:6176) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 2.15% of its issued share capital for a total of TWD 27,434.27 million. The shares will be purchased at a minimum price of TWD 107 per share and at a maximum price of TWD 190 per share.
The purpose of the program is to transfer shares to employees. The program will continue until June 10, 2025. As of April 10, 2025, the company has no shares in treasury.
Radiant Opto-Electronics Corp is a Taiwan-based manufacturer specializing in the research and development of backlight modules. It primarily manufactures and sells liquid crystal display (LCD) backlight panels and lighting components, focusing on the research and design of backlight modules and front light panels. The Company's products mainly include backlight modules and front light panels, used in virtual reality (VR), augmented reality (AR), tablets, laptops, LCD monitors, LCD TVs, automotive, medical, industrial control, and gaming equipment. The Company also provides front light panels and lighting products for e-readers. Its sales market is primarily export-oriented, with some domestic sales as well.
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