Tranche Update on Satrec Initiative Co., Ltd.'s Equity Buyback Plan announced on March 18, 2020.
June 19, 2020 at 12:22 am EDT
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From March 18, 2020 to June 19, 2020, the company has repurchased 26,300 shares, representing 0.37% for KRW 477.44 million. With this, the company has completed the repurchase of 26,300 shares, representing 0.37% for KRW 477.44 million under the buyback announced on March 18, 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. 
