HANMI Semiconductor Co., Ltd. announces an Equity Buyback for KRW 10,000 million worth of its shares.
March 19, 2020 at 09:01 pm EDT
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HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of shares pursuant to trust contract with Industrial Bank of Korea. The purpose of the buyback is enhance shareholders' value through stock price stabilization. The plan will continue until September 21, 2020. As on March 19, 2020, the company had 1,260,033 common shares in treasury within scope available for dividend and had 834 shares in treasury through other repurchase.
Hanmi Semicondu-ctor Co., Ltd. is a Korea-based company mainly engaged in the manufacture of semiconductor equipment. The Company operates in two business segments: equipment segment and imported automobile segment. Its equipment segment manufactures semiconductor equipment, including sawing and placement systems, cam press trim/form/singulation systems, and pick and place systems, among others; photovoltaic (PV) equipment, including PV wafer production systems and PV cell production systems; light emitting diode (LED) equipment, including vision inspection systems, die bonding systems and others, as well as semiconductor molding products and equipment supplies. Its imported automobile segment engages in the dealing and maintenance of imported automobiles under the brand name of BMW.
HANMI SEMICONDUCTOR CO., LTD. 
