Rayence Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
May 10, 2018 at 06:04 am
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Rayence Co., Ltd. (KOSDAQ:A228850) announces a share repurchase program. Under the plan, the company will repurchase up to KRW 10,000 million worth of shares. The purpose of the buyback is to improve shareholder value and to stabilize stock price. The plan will be valid up to May 10, 2019. The plan will be valid up to May 10, 2019. As on May 10, 2018, the company had 404,792 shares in its treasury available for dividend.
Rayence Co., Ltd. is a Korea-based company mainly engaged in the manufacture of medical and veterinary X-ray detector products. Its products include thin film transistor (TFT) detectors and complementary-metal-oxide-semiconductor (CMOS) detectors. The products' brand name consists of 1012WCA, 17SCC/SGC, 1215CF, 1501CF and 0712CF. The Company also manufactures intra oral (I/O) sensors under the brand name of Ez1.0, Ez1.5, and mammography (mammo) machines under the brand 1724CM, 2434CM. The Company distributes its products to domestic and overseas markets.
RAYENCE CO., LTD. 
