RN2 Technologies Co., Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
February 29, 2024 at 10:06 am IST
Share
RN2 Technologies Co., Ltd. (KOSDAQ:A148250) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of own shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on August 29, 2024.
As of February 28, 2024, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.
RN2 TECHNOLOGIES CO., LTD. is a Korea-based company primarily engaged in the manufacture and distribution of low temperature co-firing ceramic (LTCC) solutions. The Company operates its business through three segments: component segment, substrate segment and material segment. The component segment mainly produces couplers, delay lines and terminations for communication industry. The substrate segment provides LTCC substrates and foundry services for medical image diagnosis devices and manufacturing device development business. The material segment manufactures LTCC powders of high and low dielectric for communicational device business. The Company distributes its products within domestic market and to overseas markets.
RN2 TECHNOLOGIES CO., LTD. 