Union Community Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
July 05, 2018 at 12:49 am EDT
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Union Community Co., Ltd. (KOSDAQ:A203450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a trust contract with Mirae Asset Daewoo Securities Co. Ltd. The purpose of the program is to defend the corporate management rights and to stabilize the stock price. The program is valid until January 7, 2019. As of July 4, 2018, the company had 539,117 shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.
UNION COMMUNITY CO.,LTD. is principally engaged in the research and development (R&D), production and sale of fingerprint recognition access control systems. The Companyâs main products portfolio consists of fingerprint terminals, radio frequency (RF)/smart card terminals, people count systems, fingerprint door locks, fingerprint universal serial bus (USB) readers, fingerprint original equipment manufacturing (OEM) modules, fingerprint recognition software, as well as full high definition (HD) recorders, among others. The Company distributes its products within domestic market and to overseas markets.