LIG ADP Co.,Ltd. closed an Equity Buyback in the amount of KRW1280.98 mm
February 11, 2013 at 11:00 pm EST
Share
The Board of Directors of LIG ADP Co.,Ltd. (KOSE:A079950) authorized a share repurchase program on November 20, 2012. Under the plan, the company will repurchase up to 500,000 shares for KRW 1.05 billion based on the closing price of LIG's share on preceding day. The company will make direct acquisition on exchange through Korea Securities Dealers Automated Quotation market. The purpose behind the program is to stabilize the stock price. The company will make repurchase up to 50,000 shares on any one day in the program. Repurchases will commence on November 21, 2012 and will continue until February 20, 2013. As of November 19, 2012, the company has 600,000 shares in direct owned treasury stock and no shares in treasury under trust agreement. LIG Investment & Securities Co., Ltd. acted as the broker to the company in the buyback transaction.
LIG ADP Co.,Ltd. completed its share repurchase program on February 12, 2013. Under the plan, the company has repurchased 500,000 shares for KRW 1.28 billion.
INVENIA Co.,Ltd., formerly LIG INVENIA Co.,Ltd., is a Korea-based company mainly engaged in the manufacture of liquid crystal display (LCD) manufacturing equipment and inception equipment. The Company's products include LCD front-end equipment, including dry etchers and vacuum alignment system (VAS) equipment; inspection equipment, including thin film transistor (TFT) automated optical inspection (AOI) equipment, color filter (CF) AOI equipment and macro inspection systems, as well as organic light-emitting diode (OLED) and LED equipment, such as metal organic chemical vapor deposition (MOCVD) equipment. The Company distributes its products within domestic market and to overseas markets.