SUNIC SYSTEM Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
October 15, 2018 at 03:55 am
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SUNIC SYSTEM Co., Ltd. (KOSDAQ:A171090) announces a share repurchase program. Under the program, the company will repurchase KRW 3,000 million under the contract with Daishin Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until April 15, 2019. As of October 14, 2018, the company had no shares in treasury under the dividend capacity and 1,824 shares in treasury under other capacities.
SUNIC SYSTEM Co., Ltd., formerly SUNIC SYSTEM Ltd., is a Korea-based company principally engaged in the manufacture and distribution of organic light emitting diode (OLED) equipment. The Companyâs products include Sunicel Plus 1850, Sunicel Plus 400, Sunicel Plus 400L, Sunicel Plus 200 and Sunicel Plus 200L. The Company distributes its products within domestic market and to overseas markets.