TA-I Technology Co., Ltd. announces an Equity Buyback for 10,000,000 shares, representing 5.7% for TWD 2,370 million.
January 20, 2017 at 04:42 am EST
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TA-I Technology Co., Ltd. (TSEC:2478) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares representing 5.7% of its issued share capital, for TWD 2,370 million. The shares will be repurchased within the price range of TWD 15.5 per share to TWD 29.5 per share. The repurchase program is valid until March 22, 2017.
TA-I TECHNOLOGY CO., LTD is a Taiwan-based company principally engaged in the manufacture, processing and trading of ceramic metalized substrates, resistors and circuit protection parts. The Companyâs primary products consist of ceramic metalized substrates, which are used for light emitting diode (LED) packaging, LED lighting and high concentrated photovoltaic (HCPV) packaging; resistors, which includes thick film resistors, thick film high power resistors, anti-sulfurated resistors, alloy film chip resistors and other products; circuit protection parts, which includes thin film chip fuses, lead free thin film chip fuses and low capacitance suppressors. The Company distributes its products within domestic market and to overseas markets.