NTels Co., Ltd. announces an Equity Buyback for 50,000 shares.
January 08, 2020 at 12:58 pm IST
Share
nTels Co., Ltd. (KOSDAQ:A069410) announces a share repurchase program. Under the program, the company will repurchase 50,0000 shares under the contract with Korea Investment & Securities. The purpose of the program is to improve shareholder value through stabilizing stock price. The program will be valid till April 8, 2020. As of January 7, 2020, the company had 158,033 shares in treasury under the dividend capacity and 0 shares in treasury under other capacities.
N Tels Co Ltd is a Korea-based company principally engaged in the development and supply of system software. The Company is principally engaged in the development and supply of operation support system software for operators providing communication services, broadcasting services, Internet services, and Internet of Things (IoT) services. The Company is engaged in the provision of integrated operation support solutions related to service subscription, activation, customer management, product management, billing and settlement management that service providers must have in providing services.