Techwing, Inc. announces an Equity Buyback for KRW 7,000 million worth of its shares.
October 20, 2022 at 11:48 pm EDT
Share
Techwing, Inc. (KOSDAQ:A089030) announces a share repurchase program. Under the program, the company will repurchase up to KRW 7,000 million worth of its shares, pursuant to a trust contract with Samsung Securities Co., Ltd. The purpose of the program is to stabilize stock price and enhance value of shareholders. The program will expire on April 20, 2023.
As of October 20, 2022, the company had 474,363 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions.
Techwing Inc is a Korea-based company mainly engaged in the manufacture and sale of semiconductor inspection equipment. The Company operates its business through two segments. The Semiconductor Inspection Equipment segment manufactures and sells semiconductor post-processing equipment used for electrical functions such as semiconductor chips, modules, and solid state drives (SSD) or for transporting, sorting, and creating inspection environments in the mounting inspection process. In addition, the segment produces and supplies replacement and consumable parts used in equipment. The Display Inspection Equipment segment manufactures and sells organic light emitting diodes (OLED) and liquid crystal display (LCD) appearance inspection equipment.
TECHWING, INC. 
