GIGALANE Co.,Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
October 18, 2018 at 01:46 am EDT
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GIGALANE Co.,Ltd. (KOSDAQ:A049080) announces a share repurchase program. Under the program, the company will repurchase KRW 1,500 million under the contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until April 17, 2019. As of October 17, 2018, the company had 3,349 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
GIGALANE Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of radio frequency (RF) communication components and semiconductor equipment. The Company operates its business through three divisions: RF communication component division, semiconductor equipment division and other business division. Its RF communication component division engages in the manufacture of RF cable assemblies and RF connectors used for smart devices under the brand names of SCMP, SCMJ and others. Its semiconductor equipment division provides light-emitting diode (LED) and deep reactive ion etching (DRIE) etcher parts used for semiconductors. Its other business division provides inspection components, including probe cards and probe units. The Company distributes its products within domestic market and to overseas markets.
GIGALANE CO.,LTD. 
