Ajinextek Co., Ltd. announces an Equity Buyback for KRW 2,000 million worth of its shares.
February 26, 2021 at 12:59 pm 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 2,000 million worth of its shares pursuant to a contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 1, 2021. As of February 25, 2021, the company had 157,770 shares in treasury within scope available for dividend and had 574 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.
AJINEXTEK CO., LTD. 
