Apex Medical Corp. announces an Equity Buyback for 1,500,000 shares, representing 1.49% for TWD 975.7 million.
April 30, 2020 at 06:21 am EDT
Apex Medical Corp. (TSEC:4106) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.49% of its issued share capital for TWD 975.7 million. The shares will be repurchased at a price falling in the price range from TWD 18.5 per share to TWD 25 per share. The purpose of the share repurchases is to transfer to its employees. The program is valid till June 30, 2020. As of April 30, 2020, the company has no shares in treasury.