DMS Co.,Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
March 25, 2019 at 03:38 am EDT
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DMS Co.,Ltd. (KOSDAQ:A068790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to the trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and increase shareholder value. The share repurchase program will continue until September 27, 2019. As of March 24, 2019, the company had 22,730 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.
DMS Co., Ltd. is a Korea-based company engaged in the manufacture of display manufacturing equipments. The Company provides display equipments, semiconductor equipments and solar cell equipments. Its display equipments include high-density cleaners (HDCs), developers, wet strippers, wet etchers, coaters and others. Its semiconductor equipments include dry etchers and others, which are used to remove unnecessary parts on wafers. Its solar cell equipments include crystalline, dye-sensitized products, thin films and others. It is also engaged in the leasing of real estate and other businesses. The Company through its subsidiaries is also engaged in the construction of wind power industries and provision of electricity. Its main customers include LG Display, Samsung Electronics, TIANMA, BOE-OT and others. The Company distributes its products within domestic market and to overseas markets.
DMS CO.,LTD. 
