ActRO Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
November 30, 2022 at 12:51 am EST
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ActRO Co., Ltd (KOSDAQ:A290740) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares under the contract with Shinhan Investment. The purpose of the program is to enhance shareholders' value through stabilizing stock price.
The repurchase program will expire on May 29, 2023. As of November 29, 2022, the company had 582,207 shares in treasury under the dividend capacity and no shares in treasury under other buyback.
Actro Co.,Ltd is a Korea-based company principally engaged in the manufacturing and selling of actuators for mobiles. The Companyâs actuators consist of auto focusing (AF) actuators, iris actuators, and optical image stabilizer (OIS) actuators. These products are applied for high end camera modules. The Company produces automation equipment that used for assembly, cleansing and inspection, such as air blowing machines (MCs), bonding MCs, water cleaning MCs, carrier assembling MCs and others. In addition, the Company is involved in the provision of performance testers for actuators, fixtures for automation equipment operating, as well as high density coils (H-Coil). The Company distributes its products within domestic market and to overseas markets.
ACTRO CO., LTD 
