Avaco Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
February 12, 2020 at 08:51 pm EST
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Avaco Co., Ltd. (KOSDAQ:A083930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of own shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on August 12, 2020. As of February 12, 2020, the company had 2,408,960 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
AVACO CO., LTD. is a Korea-based company mainly engaged in the manufacture of flat panel display (FPD) equipment. The Companyâs products consist of conveyances, including stockers and maintenance cranes; specialized equipment, including auto claves, scribes and break systems, tab bonders and polarizer film attachment equipment, and vacuum equipment, including evaporation and coating systems, sputter systems, organic light-emitting diode (OLED) encapsulation systems, exhaust and gas filling systems and manufacture equipment for solar cells. The Company distributes its products within domestic market and to overseas markets.
AVACO CO., LTD. 