IsMedia Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
June 22, 2021 at 10:09 pm EDT
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isMedia Co., Ltd. (KOSDAQ:A181340) 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 Mirae Asset Securities Co., Ltd. The purpose of the program is stabilization of stock prices and enhancement of shareholder value through treasury stock acquisition. The program will expire on December 22, 2021. As of June 22, 2021, the company had no shares in treasury within scope available for allotment and 216,666 shares in treasury under other acquisitions.
ismedia Co., Ltd. is a Korea-based company principally engaged in the development, manufacturing and distribution of inspection and assembly equipment for compact camera modules (CCMs) which are embedded with mobile phones. The Company provides mobile camera module testers including active align (AA) machines, focusing machines, color calibration machines and final test machines; automotive camera module testers; device level testers (DLTs); auto handlers and others. The Company distributes its products within domestic market and to overseas markets.
ISMEDIA CO., LTD. 
