Tranche Update on SIMPAC Inc.'s Equity Buyback Plan announced on February 13, 2020.
March 18, 2020 at 10:04 pm EDT
Share
From February 13, 2020 to March 18, 2020, the company has repurchased 1,838,235 shares, representing 3.04% for KRW 4,767.9 million. With this, the company has completed the repurchase of 1,838,235 shares, representing 3.04% for KRW 4,767.9 million under the buyback announced on February 13, 2020.
SIMPAC Inc. is a Korea-based company mainly engaged in the manufacture of presses for metal parts manufacturing. The Companyâs products consist of mechanical presses, including coordinate frame (C-frame) crank presses, solid frame presses, transfer presses, liner guide link presses, straight side crank presses, crankless presses, as well as servo presses and hydraulic presses. The Company also produces automation equipment, including transfer robots, shuttle robots, loaders, unloaders, new uncoiler leveler (NC) feeders, NC feeders, blanking lines and slitting lines. In addition, it engages in the rental business. The Company distributes its products within domestic market and to overseas markets. On February 11, 2014, the Company acquired a 98% stake in BONG SHIN Co.Ltd.
SIMPAC INC. 
