Dongwoon Anatech Co., Ltd. announces an Equity Buyback for KRW 3,000 million worth of its shares.
February 26, 2019 at 11:40 pm EST
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Dongwoon Anatech Co., Ltd. (KOSDAQ:A094170) announces a share repurchase program. Under the program, the company will repurchase KRW 3,000 million under the contract with Yuanta Securities Korea Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until August 27, 2019. As of February 26, 2019, the company had 1,126,769 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
Dongwoon Anatech Co., Ltd. is a Korea-based company mainly engaged in manufacturing integrated circuits (ICs). The Companyâs product portfolio consists of auto focus driver ICs used for mobile cameras; display driver ICs including active matrix/organic light emitting diode (AMOLED) direct current (DC)/DC converters used to drive AMOLED displays, and display driver IC (DDI) power ICs used to supply power to DDI for mobile phones and tablets; LED lighting ICs; various ICs for mobile back light units (BLUs), power management, LED flash, charging batteries, among others, and high definition (HD) haptic driver ICs.