Allied Circuit Co., Ltd. announces an Equity Buyback for 5,000,000 shares, representing 9.71% for TWD 774.39 million.
September 01, 2015 at 06:17 am EDT
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Allied Circuit Co., Ltd. (GTSM:8155) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 9.71% of its issued share capital for a total of TWD 774.39 million. The shares will be purchased at a price that is with in the range of TWD 14.8 per share and TWD 27.7 per share.
Allied Circuit Co Ltd is principally engaged in the manufacture and distribution of printed circuit boards (PCBs). The Company primarily provides multi-layer PCBs and high density interconnect (HDI) boards. The Company's double-sided PCBs are mainly used in terminals, fax machines, computer peripheral equipment, industrial instruments and general communications equipment, among others. Its multi-layer PCBs are mainly applied in computer and related peripherals, consumer electronics, data storage devices, servers, computer workstations, precise testers, communications equipment, industrial control instruments and medical devices, among others. The Company mainly distributes its products to domestic and Asia market.