Tranche Update on Avaco Co., Ltd.'s Equity Buyback Plan announced on February 13, 2020.
May 13, 2020 at 03:58 am EDT
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From February 13, 2020 to March 31, 2020, the company has repurchased 551,677 shares, representing 4.06% for KRW 2,836.14 million. With this, the company has completed the repurchase of 551,677 shares, representing 4.06% for KRW 2,836.14 million under the buyback announced on February 13, 2020.
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.