Incon Co., Ltd. announces an Equity Buyback for KRW 6,450 million worth of its shares.
June 21, 2018 at 07:31 am IST
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Incon Co., Ltd. (KOSDAQ:A083640) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, for KRW 6,450 million pursuant to a contract with Mirae Asset Daewoo Co., Ltd. The purpose of the buyback is to stabilize the stock price and enhance shareholders' value. The repurchase program will be valid up to September 21, 2018. As of June 21, 2018, the company has 108,000 treasury shares within scope available for dividend and no treasury stock through other buyback.
INCON Co., Ltd., formerly Win4Net Co., Ltd. is a Korea-based company specialized in the development and manufacture of digital video recorders (DVRs) used for security area. The Companyâs products consist of standalone DVRs, personal computer (PC)-based DVRs, analog cameras, color box cameras, indoor dome cameras, outdoor micro dome cameras, outdoor dome cameras and others. Its Internet protocol (IP) products include network video recorders (NVRs), video servers, hybrid DVRs, IP cameras and related software. It also provides storages. It distributes its products under the brand names of Netsafe, Trium, Poswatch, Clevo, Netsafe, Wintera and others. The Company distributes its products within domestic market and to overseas markets.
INCON CO.,LTD. 
