Hyunwoo Industrial Co., LTD announces an Equity Buyback for KRW 2,000 million worth of its shares.
January 02, 2018 at 07:51 pm EST
Share
Hyunwoo Industrial Co., LTD (KOSDAQ:A092300) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Daishin Securities Co., Ltd. The purpose of the program is to raise shareholder value and to stabilize stock price. The program will expire on July 2, 2018. As of January 2, 2018, the company had 1,513 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
HYUNWOO INDUSTRIAL CO.,LTD. is a Korea-based company engaged in the manufacture of printed circuit boards (PCBs). The Company produces double-sided PCBs and multilayer PCBs, which are used for home appliances, such as air conditioners, washing machines and liquid crystal display (LCD) televisions (TVs); multimedia, such as Internet protocol (IP) set top boxes and digital video disc rewritable (DVD-RW) players; office automation (OA) equipment, such as printers, copiers and multifunction machines; automobile components, such as digital multimedia broadcasting (DMB) navigations and car audios; communication equipment, such as wireless broadband (WiBro) systems, and displays, such as light emitting diodes (LEDs), thin film transistor (TFT) LCDs and others. It also provides inks, panel PCBs and by-products. The Company distributes its products within domestic market and to overseas markets.
HYUNWOO INDUSTRIAL CO., LTD 
