HANMI Semiconductor Co., Ltd. announces an Equity Buyback for KRW 20,000 million worth of its shares.
May 09, 2022 at 02:44 am 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 20,000 worth of its shares pursuant to a contract with Industrial bank of Korea. The purpose of the share repurchase is stock price stability and increase in shareholder value.
The repurchase program will expire on November 11, 2022. As of May 8, 2022, the company had no shares within scope available for dividend and had no 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. 
