Tranche Update on GIGALANE Co.,Ltd.'s Equity Buyback Plan announced on October 18, 2018.
April 18, 2019 at 03:24 am EDT
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From October 18, 2018 to April 15, 2019, the company has repurchased 603,879 shares, representing 1.2% for KRW 1,483.51 million. With this, the company has completed the repurchase of 603,879 shares, representing 1.2% for KRW 1,483.51 million under the buyback announced on October 18, 2018.
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.