FNS TECH. Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
April 09, 2018 at 06:55 am IST
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FNS TECH. Co., Ltd (KOSDAQ:A083500) announces a share repurchase program. Under the program, the company will repurchase up KRW 1,000 million worth of shares pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of repurchase program is to stabilize the price of the company’s stock and raise shareholder value. The repurchase program is valid until October 8, 2018. As of April 9, 2018, the company had no shares within scope available for dividend as well as no shares in treasury through other repurchase.
FNS Tech Co Ltd is a Korea-based company primarily engaged in manufacture and sales of display equipment. The Company manufactures and sells flat panel display (FPD) equipment. The Company provides FPD and semiconductor component materials such as ultraviolet (UV) lamps, chemical mechanical polishing (CMP) pads as well as organic light emitting diode (OLED) masks. In addition, the Company provides devices that remove remaining natural oxide films, ions, organic substances, metal impurities and photoresist after manufacturing process.