Test-Rite International Co., Ltd. announces an Equity Buyback for 10,000,000 shares, representing 1.96% for TWD 280 million.
August 02, 2019 at 12:47 pm
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Test-Rite International Co., Ltd. (TSEC:2908) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 1.96% of its issued share capital, for total worth of TWD 280 million. The shares will be repurchased at a price range from TWD 20 to TWD 28. The purpose of share repurchases is to transfer the shares to employees. The program is valid till October 4, 2019.
Test Rite International Co Ltd is a Taiwan-based company principally engaged in the retailing of household products and the trading of daily goods. The trading business is engaged in the import and export business and agency business of department store products, covering hardware tools, DIY hand tools, bathroom and storage products, stationery products, household appliances and living goods, outdoor furniture, gardening, barbecue products. The retail business is directly facing consumers mainly located in Taiwan and China in the home furnishings, home repair, mattress and bedding sales business, comprehensive home integration services and brand agency business. The affiliated business groups include design teams for product design, packaging design, and industrial design; construction teams for store construction, office building construction, investment promotion, and logistics and warehousing services in China, Taiwan, the United States, and Europe.
TEST-RITE INTERNATIONAL CO., LTD. 
