Ajinextek Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 20, 2020 at 10:57 am IST
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Ajinextek Co., Ltd. (KOSDAQ:A059120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its own shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 21, 2020. As of March 19, 2020, the company had 394,261 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
AJINEXTEK CO., LTD. is a Korea-based company principally engaged in the manufacture and distribution of motion controllers, semiconductor equipment, smart phones, as well as testing automation controllers. The Companyâs products consist of motion control chips; board products, including base boards, motion modules, digital modules, analog modules and counter modules; single board products, including motion control boards, digital control boards and analog control boards; network controllers; stand alone controllers, and robot controllers, as well as software. It also provides maintenance services.