KOSES Co.,Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
August 03, 2020 at 01:07 am EDT
Share
KOSES Co.,Ltd (KOSDAQ:A089890) 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 Yuanta Securities Korea Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 4, 2021. As of August 2, 2020, the company had 1,205,086 shares in treasury within scope available for dividend and had 266 shares in treasury through other repurchase.
KOSES Co.,Ltd, formerly KOREA SEMICONDUCTOR SYSTEM Co., Ltd, is a Korea-based company engaged in the manufacture and sale of semiconductor equipment. The Company's product portfolio consists of solder ball mounts, laser dicing saw machines, conversion tool kits, marking handler systems, stack machines, pick and place systems, loader and off-loader systems, camera module laser cutters and others for processing of semiconductors. The Company distributes its products within domestic market and to overseas markets.
KOSES CO.,LTD 
