NC& Co.,Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
March 07, 2022 at 10:26 am IST
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NC& Co.,Ltd (KOSDAQ:A092600) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Korea Investment & Securities. The purpose of the share repurchase is stock price stability and shareholder value enhancement.
The repurchase program will expire on Sep 07, 2022. As of March 6, 2022, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.
NC& Co., Ltd., formerly NEXTCHIP Co., Ltd., is a company mainly engaged in the manufacturing and sale of multimedia semiconductor products for video security systems. The Company's main products are image processing chips, which are used in closed circuit television (CCTV) cameras, digital video recorders (DVRs), mobile phones, network cameras, camcorders, set top boxes and others. It also provides touch sensor chips, which are used in laptops, personal computers (PCs), monitors, digital cameras, electronic rice-cookers, refrigerators and others. In addition, the Company provides camera components. The Company distributes its products within domestic market and to overseas markets, including China and Taiwan.
NC& CO.,LTD 
