Piolink, Inc. announces an Equity Buyback for KRW 3,000 million worth of its shares.
July 19, 2016 at 10:37 am IST
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Piolink, Inc. (KOSDAQ:A170790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million of its shares pursuant to a trust contract with IBK Securities Co. Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until January 20, 2017. As of July 18, 2016, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
PIOLINK Inc. is a Korea-based company mainly engaged in the manufacture of equipment for application networking, as well as other information technology (IT) equipment and parts. The Company mainly manufactures application delivery controllers (ADCs), which enhance the performance of Web-based and related applications for end users by providing a suite of services at network and application layers; Web application firewall (WAF), which intends to guarantee construction and operation of safe Web business environment by preventing illegal use of and invasion to Web servers and Web applications, as well as security switches and others. It also engaged in the sale of voice over Internet protocol (VoIP) firewall products.
PIOLINK, INC. 
