Tranche Update on Satrec Initiative Co., Ltd.'s Equity Buyback Plan announced on October 7, 2020.
October 08, 2021 at 02:46 am EDT
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From January 1, 2021 to October 6, 2021, the company has repurchased 0 shares, representing 0% for KRW 0 million. With this, the company has completed the repurchase of 16,000 shares, representing 0.22% for KRW 380.49 million under the buyback announced on October 7, 2020.
Satrec Initiative Co., Ltd. is a Korea-based company engaged in the provision of satellite systems. The Company operates its business through four divisions: satellite, earth, derivative and other. Its satellite division provides satellite systems, including 300 kilogram (KG) and 200 KG class earth observation small satellite systems, 100 KG class low earth orbit micro-satellite systems, as well as electronic optical cameras, among others. Its earth division provides satellite image signal processing devices and software. Its derivative division provides radioactive ray source and amount monitoring systems. Its other division provides memories used in aerospace industry. On April 1, 2014, it divested its image business into a new wholly owned subsidiary, namely SI Imaging Services Co., Ltd.
SATREC INITIATIVE CO., LTD. 
