Daejoo Electronic Materials Co., Ltd. announces an Equity Buyback for KRW 2,400 million worth of its shares.
November 17, 2021
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Daejoo Electronic Materials Co., Ltd. (KOSDAQ:A078600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,400 million worth of its shares according to the contract with DAISHIN Securities Co., Ltd. The program will expire on May 18, 2022. As of November 17, 2021, the company had 591,091 and 0 treasury stock holdings within the scope of allotment acquisition Co., Ltd. and other acquisition Co., Ltd., respectively.
Daejoo Electronic Materials Co., Ltd. is a Korea-based company engaged in the manufacture of electronic materials. The Companyâs product portfolio consists of conductive materials, such as pastes for disk ceramic applications, dielectric filters, chip inductors and others, and electrode pastes for chip resistors, among others; phosphor materials, which are used for plasma display panels (PDPs), cold cathode fluorescence lamps (CCFLs) and light emitting diode (LED); polymer materials, such as insulation materials, epoxies, epoxy coating powders, semiconductor materials and others, glass materials, nano materials, metal power materials, phosphor materials, and organic LED materials. Through its subsidiary, it manufactures and distributes insulation materials and conductive pastes used for white household appliance components in China market.