HCT Co., Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
March 10, 2020 at 04:51 am EDT
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HCT Co., Ltd. (KOSDAQ:A072990) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of own shares pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 10, 2020. As of March 9, 2020, the company had 48,766 treasury shares within scope available for dividend and 874 shares in treasury through other repurchase.
HCT CO., LTD is a Korea-based company primarily engaged in providing testing and certificate service. The Company provides testing and certificate service for the manufacturing process in industrial areas of electrics, electronics, communication and semiconductor. It also provides calibration and repair service for measuring equipment.