UIL Co.,Ltd. announces an Equity Buyback for 800,000 shares.
January 30, 2018 at 01:46 am EST
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UIL Co.,Ltd. (KOSDAQ:A049520) announces a share repurchase program. Under the plan, the company will repurchase up to 800,000 shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the program is to stabilize the stock price and to enhance the shareholder’s value. The repurchase program will be valid till April 30, 2018. As of January 29, 2018, the company had no common shares in treasury within the scope available for dividend and no shares in treasury under other repurchases.
UIL Co.,Ltd, formerly DK UIL CO., LTD. is a Korea-based company mainly engaged in the manufacture and sale of cellular phone keypads. The Companyâs main products include rubber keypads, film insert keypads, file elastomeric keypads, elastomeric film keypads, electro luminescence keypads, plastic keypads, ultra thin plastic keypads, metal thin sheet keypads, special assembly keypads, multiline plastic keypads, ultra thin plastic keypads and others under the brand name DK UIL. It also provides smart phone shockproof/waterproof components, smart phone touch pens and others. The Company distributes products within domestic market and to overseas market. Its main clients are Samsung Electronics, Sony Ericssosn and LG Electronics.