S Connect Co., LTD. announces an Equity Buyback for 1,000,000 shares.
March 12, 2024 at 01:40 pm IST
Share
S Connect Co., LTD. (KOSDAQ:A096630) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares. The purpose of the program is to improve shareholder value and to stabilize stock price.
The program will be valid until June 12, 2024. As of March 11, 2024, the company had 1,694,900 shares in treasury under the dividend capacity and no shares in treasury under other capacities.
S Connect Co., LTD is a Korea-based company mainly engaged in the manufacture and distribution of interior and exterior parts of mobile phones. The Companyâs product portfolio consists of mobile phone cases and related components, including aluminum types and stainless steel types. It also involves in the manufacture of molds and personal computer (PC) interior and exterior cover parts. Its main clients are Samsung Electronics, Pantech and others. The Companyâs subsidiaries include SAM YOU NG CHINA CO., LTD. and S-Connect (DONGGUAN). Co .Ltd, which are engaged in the manufacture and distribution of electronic components, and Career. Co.Kr., which is engaged in the provision of employment agency services, human resource (HR) solutions, headhunting and others through the Internet.