Elentec Co., Ltd. announces an Equity Buyback for 900,000 shares.
March 17, 2020 at 10:23 am IST
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Elentec Co., Ltd. (KOSDAQ:A054210) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 17, 2020. As of March 16, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Elentec Co., Ltd. is a Korea-based company mainly engaged in the manufacture of battery packs. The Companyâs products portfolio consist of battery packs for mobile phones, digital cameras, camcorders and note personal computers (PCs); three-dimensional television glasses, which are supplied to Samsung Electronics; function boards used for television and monitors, as well as protection circuit modules (PCMs), which are supplied to mobile battery pack manufacturers. The Companyâs products are mainly distributed to Samsung Electronics, DELL, Apple, Samsung Anycall and others.