Dongil Technology, Ltd announces an Equity Buyback for 300,000 shares, for KRW 3,450 million.
November 14, 2018 at 03:10 pm IST
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Dongil Technology, Ltd (KOSDAQ:A032960) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, for a total consideration of KRW 3,450 million. The purpose of the share repurchase program is to improve stock value through stability of stock price. The share repurchase program is valid till February 13, 2019. As of November 14, 2018, the company had 2,187,264 shares in treasury within scope available for dividend and had 5,064 shares in treasury through other repurchase.
DONGIL TECHNOLOGY, LTD is a Korea-based company engaged in the manufacture and marketing of electronic products. The Company mainly offers electromagnetic interference (EMI) filters, which are used in electronic products, communication devices and audio products. In addition, it engages in the manufacturing and distribution of cluster ion generators, static eliminators with piezoelectric ceramic, ultrasonic sensors, dental devices and others. The Company distributes its product within domestic market and to overseas markets.