NEXTCHIP 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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NEXTCHIP 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 under the contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to improve the shareholders' value and to stabilize the stock price. The program will be valid till September 7, 2022. As of March 6, 2022, the company had no shares in treasury under the dividend capacity or under other capacities.
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 
