Pixelplus Co., Ltd. announces an Equity Buyback for KRW 4,000 million worth of its shares.
August 21, 2017 at 04:15 am EDT
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Pixelplus Co., Ltd. (KOSDAQ:A087600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The shares will be repurchased for the purpose of stock price stabilization enhancing shareholder's value. The share repurchase program is valid until February 21, 2018. As of August 20, 2017, the company had 844,712 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
PIXELPLUS Co., Ltd. (PIXELPLUS) is a fabless semiconductor company. The Company is engaged in researching, developing and manufacturing image sensors and imaging solutions. PIXELPLUS focuses on security and monitoring camera solutions and automotive camera solutions. It offers solutions for image sensor-based camera applications by penetrating medical and home application markets. The Company designs and manufactures complementary metal-oxide semiconductor (CMOS) image sensors and chipset solutions. It has developed a compact video graphics array (VGA) and 1.3 Mega Pixel image sensor solutions for mobile phones. It has also developed the auto-focus (AF) two Mega Pixel CMOS image sensor solution. The Company's products include Analog Sensors, Digital Sensors, Medical Sensors, Companion Chips and System on a Chip. Its products offer applications in various sectors, such as security, automotive, medical, biometrics and others.
PIXELPLUS. CO., LTD. 
