Shinhwa Contech Co., Ltd announces an Equity Buyback for 470,000 shares.
March 12, 2020 at 06:36 am
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Shinhwa Contech Co., Ltd (KOSDAQ:A187270) announces a share repurchase program. Under the program, the company will repurchase up to 470,000 shares. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 12, 2020. As of March 11, 2020, the company had 498,112 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Shin Hwa Contech Co., Ltd. is a Korea-based company engaged in the manufacture of electronic connectors. The Companyâs products consist of connectors used for mobile applications, such as micro (universal serial bus) USB 2.0 sockets, micro USB 3.0 sockets, micro USB 3.0 plugs, board to board connectors, subscriber identification module (SIM) connectors and others; connectors used for hard disk drives (HDDs), such spindle motors, head stacks and others, and connectors used for displays, such as low-voltage differential signaling (LVDS) series, wire to board series, wafers, light emitting diode (LED) bar connectors and others.