Avaco Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
August 19, 2016
Share
Avaco Co., Ltd. (KOSDAQ:A083930) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares under the contract with Kyobo Securities Co., Ltd. The purpose of the program is to improve the shareholders’ value and to stabilize the stock price. The program will be valid till February 17, 2017. As of August 18, 2016, the company had 950,172 shares in treasury under the dividend capacity and nil shares in treasury under other capacities.
AVACO CO., LTD. is a Korea-based company mainly engaged in the manufacture of flat panel display (FPD) equipment. The Companyâs products consist of conveyances, including stockers and maintenance cranes; specialized equipment, including auto claves, scribes and break systems, tab bonders and polarizer film attachment equipment, and vacuum equipment, including evaporation and coating systems, sputter systems, organic light-emitting diode (OLED) encapsulation systems, exhaust and gas filling systems and manufacture equipment for solar cells. The Company distributes its products within domestic market and to overseas markets.
AVACO CO., LTD. 
