TOP Engineering Co., Ltd announces an Equity Buyback for 585,937 shares.
July 03, 2022 at 10:02 pm EDT
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TOP Engineering Co., Ltd (KOSDAQ:A065130) announces a share repurchase program. Under the program, the company will repurchase up to 585,937 shares, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize the stock price. The program will expire on October 4, 2022.
As of July 3, 2022, the company had 558,712 shares in treasury within scope available for dividend and had no shares in treasury through other acquisitions.
Top Engineering Co., Ltd. is a Korea-based company engaged in the manufacture of semiconductor and display equipment. It provides liquid crystal display (LCD) equipment including liquid crystal (LC) dispensers, sealant (SEAL) dispensers, gas cutting systems (GCSs), array testers, in-line systems and wet cleaning equipment; light emitting diode (LED) equipment including inductively coupled plasma (ICP) etchers, low temperature plasma chemical vapor depositions (CVDs) and LED dispensers; semiconductor equipment including flip chip bonders, potting systems and marking systems; organic light emitting diode (OLED) equipment, such as OLED seal dispensers, and central chemical supply systems. On December 12, 2013, it sold a certain shares of IM Tech Inc. On March 5, 2014, it merged with a wholly owned subsidiary, engaged in the manufacture and distribution of displayer and semiconductor testers.
TOP ENGINEERING CO., LTD 
