Techwing, Inc. announces an Equity Buyback for KRW 3,000 million worth of its shares.
February 22, 2022 at 05:20 am
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Techwing, Inc. (KOSDAQ:A089030) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares pursuant to a contract with Samsung Securities Co. Ltd. The purpose of the buyback is to stabilize stock price and enhance shareholder's value.
The plan will be valid up to August 21, 2022. As of February 21, 2022, the company had 595,865 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
Techwing Inc is a Korea-based company mainly engaged in the manufacture and sale of semiconductor inspection equipment. The Company operates its business through two segments. The Semiconductor Inspection Equipment segment manufactures and sells semiconductor post-processing equipment used for electrical functions such as semiconductor chips, modules, and solid state drives (SSD) or for transporting, sorting, and creating inspection environments in the mounting inspection process. In addition, the segment produces and supplies replacement and consumable parts used in equipment. The Display Inspection Equipment segment manufactures and sells organic light emitting diodes (OLED) and liquid crystal display (LCD) appearance inspection equipment.
TECHWING, INC. 
