RS Automation Co.,Ltd. announces an Equity Buyback for 67,000 shares.
March 23, 2020 at 08:10 am IST
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RS Automation Co.,Ltd. (KOSDAQ:A140670) announces a share repurchase program. Under the program, the company will repurchase up to 67,000 shares of its common stock. The purpose of the share repurchases is to increase shareholder value and stabilize employee compensation through stable stock prices. The program is valid till April 30, 2020. As of March 22, 2020, the company had 30,000 shares in treasury within the scope available for dividend and 1,656 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.
RS AUTOMATION CO.,LTD. 
