RS Automation Co.,Ltd. announces an Equity Buyback for 30,000 shares.
December 09, 2019 at 08:20 am IST
Share
RS Automation Co.,Ltd. (KOSDAQ:A140670) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares of its common stock. The purpose of the share repurchases is to enhance shareholder value through stabilizing stock prices and raising employee compensation resources. The program is valid till January 31, 2020. As of December 9, 2019, the company had no shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
RS Automation Co., Ltd. is a Korea-based company Principally engaged in the manufacture and distribution of automation equipment. The Companyâs products include motion controller, drive, inverter, programmable logic controller (PLC), touch panel, Power Conditioning System (PCS) and Uninterruptible Power Supply (UPS). The Company also provides customer training and application consulting services, system engineering and project management support services, repair and maintenance support services for older products, installation, commissioning and application technical support services. The Company distributes its products within domestic market and to overseas markets.