FNS TECH. Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
April 08, 2018 at 09:25 pm EDT
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FNS TECH. Co., Ltd (KOSDAQ:A083500) announces a share repurchase program. Under the program, the company will repurchase up KRW 1,000 million worth of shares pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of repurchase program is to stabilize the price of the company’s stock and raise shareholder value. The repurchase program is valid until October 8, 2018. As of April 9, 2018, the company had no shares within scope available for dividend as well as no shares in treasury through other repurchase.
FNSTECH CO., LTD is a Korea-based company primarily engaged in manufacture of semiconductor equipment. The Company operates its business through two segments: flat panel display (FPD) equipment segment, which manufactures display equipment, and semiconductor components segment, which manufactures ultra violet (UV) lamps, chemical mechanical polishing (CMP) pads. The Company distributes its products within domestic market and to overseas markets.