AboCom Systems, Inc. announces an Equity Buyback for 3,500,000 shares, representing 3.3% for TWD 93.3 million.
May 22, 2018 at 06:43 am IST
Share
AboCom Systems, Inc. (TSEC:2444) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 3.3% of its shares at a price of TWD 26.65 per share for TWD 93.3 million. The plan will be valid up to July 21, 2018.
AboCom Systems, Inc. is a Taiwan-based company principally engaged in the design, development, manufacture and sales of network communication products and information security related products. The Companyâs principal products include Ethernet, wireless local area network (LAN), faxes, modems, X digital subscriber line (XDSL) products, voice over Internet protocol (VOIP) products, power line communication (PLC) products, wireless audio and video (AV) products and wireless displays, among others. The Company mainly sells its products under the brand of AboCom. The Company mainly operates through two business segments: network communication business segment and original equipment manufacturer (OEM) business segment. The Company mainly operates its businesses in Taiwan.
ABOCOM SYSTEMS, INC. 
