Patec Precision Industry Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1.3% of its issued share capital.
January 17, 2018 at 12:55 pm IST
Share
Patec Precision Industry Co., Ltd. (TSEC:2236) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.3% of its issued share capital for a total of TWD 767 million. The shares will be repurchased within the price range of TWD 45 per share to TWD 65 per share. The repurchase program will expire on March 17, 2018.
Patec Precision Industry Co., Ltd. is a Taiwan-based company mainly engaged in manufacturing and sales of automobile and motorcycle stamping components, as well as stamping production line equipment. The automobile and motorcycle components provide various product categories for locomotive components and automotive safety system components, including locks parts, seat parts, brake disc shock absorbers, flanges and exhaust system hooks, among others. The Company also provides stamping production line equipment, as well as installation work, guide services, repair, maintenance, supply of spare parts and other technical support services.
PATEC PRECISION INDUSTRY CO., LTD. 
