Tranche Update on MAKUS, Inc.'s Equity Buyback Plan announced on March 23, 2020.
June 19, 2020 at 02:52 am EDT
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From April 1, 2020 to June 16, 2020, the company has repurchased 363,807 shares, representing 2.93% for KRW 1,246.93 million. With this, the company has completed the repurchase of 500,000 shares, representing 3.99% for KRW 1,592.13 million under the buyback announced on March 23, 2020.
MAKUS Inc. is a Korea-based company mainly engaged in the wholesale of non-memory semiconductor products. The Company specializes in the provision of technical operations and supports for programmable logic devices (PLDs) and analog integrated circuits. It imports and sells non-memory semiconductor products such as amplifiers, sunlight readable liquid crystal displays (LCDs), light modules, broadcast connectivity, automotive integrated circuits and others through its agents. It has partnerships with Xilinx, Intersil, Hittite, Illumitex, Inrevium, Pixel Qi and Samplify. The Company is also involved in the corporate restructuring business through its subsidiary.