HANMI Semiconductor Co., Ltd.'s Equity Buyback in the amount of KRW3000 mm has expired
September 27, 2012 at 12:00 am EDT
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The Board of Directors of HANMI Semiconductor Co., Ltd. (KOSE:A042700) authorized a share repurchase program on September 27, 2011. Under the program, the company will repurchase up to KRW 3 billion worth own shares pursuant to a trust agreement with Industrial Bank of Korea to be signed on September 28, 2011. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on September 28, 2011 and will continue until March 27, 2012. As of September 26, 2011, the company has 520,810 shares in treasury under trust agreement.
On March 27, 2012, the company extended its share repurchase program until September 27, 2012. As of May 22, 2012, the company has repurchased 497,090 shares. Industrial Bank of Korea and Daishin Securities Co., Ltd. acted as brokers to the company for the buyback.
HANMI Semiconductor Co., Ltd.'s share repurchase program expired on September 27, 2012. Under the plan, the company has repurchased 497,090 shares.
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. 
