Syswork Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 18, 2020 at 01:00 am
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Syswork Co., Ltd (KOSDAQ:A269620) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its common stock, pursuant to a contract with Hana Financial Investment Co., LTD. The purpose of the program is to stabilize the stock prices and enhance the shareholders’ value. The program will end on September 17, 2020. As of March 17, 2020, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
SYSWORK CO., LTD is a Korea-based company mainly engaged in the production and sale of cleanroom control systems. The cleanroom control systems are the monitoring and control systems of fan filter units (FFUs) and equipment fan filter units (EFUs) used in cleanroom. The main cleanroom control systems include integrated environment monitoring and control systems such as FFU operation, control, and monitoring. The integrated environment monitoring and control systems are to maintain cleanroom environment which is an essential element in the production process of displays and semiconductor lines. The Company also manufactures and sells brushless direct current (BLDC) motors. The BLDC motors are the semi-permanently available motors. The main BLDC motors are outer rotor motors. In addition, the Company also involved of manufacturing and sale of air conditioning controllers.
SYSWORK CO., LTD 
