SAMYUNG ENC Co., Ltd. announces an Equity Buyback for 400,000 shares.
January 23, 2020 at 12:31 am EST
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SAMYUNG ENC Co., Ltd. (KOSDAQ:A065570) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares. The purpose of the program is to maintain price stability and increase the shareholder value. The program will expire on April 23, 2020. As of January 22, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Samyung ENC Co., Ltd. is a Korea-based company mainly engaged in the manufacture and sale of marine electronic equipment. The Companyâs products consist of maritime communication equipment, such as global maritime distresses and safety systems (GMDSSs), including digital selective calling (DSC) medium frequency (MF) and high frequency (HF) transmissions and receivers, emergency position indication radio beacons (EPIRBs), navigational telex (NAVTEX) receivers and others; navigation equipment, including global positioning system (GPS) navigation systems, GPS plotters, fish finders, radars, automatic receivers, weather fax receivers and others; defense equipment, including short-wave communication systems, and other equipment, including fishing equipment, automation pilot systems and fishnet sensors. It also provides antennas. The Company distributes its products within domestic market and to overseas markets.
SAMYUNG ENC CO., LTD. 