Shinhwa Contech Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
October 17, 2017
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Shinhwa Contech Co., Ltd (KOSDAQ:A187270) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares pursuant to a trust agreement with KB Hyundai Securities Co., Ltd. The purpose of the repurchase is to improve shareholder value and stabilize stock price. The repurchase program will continue until April 17, 2018. As of October 16, 2017, the company had no shares in treasury repurchased within scope available for dividend and no shares in treasury through other repurchase.
Shin Hwa Contech Co., Ltd. is a Korea-based company engaged in the manufacture of electronic connectors. The Companyâs products consist of connectors used for mobile applications, such as micro (universal serial bus) USB 2.0 sockets, micro USB 3.0 sockets, micro USB 3.0 plugs, board to board connectors, subscriber identification module (SIM) connectors and others; connectors used for hard disk drives (HDDs), such spindle motors, head stacks and others, and connectors used for displays, such as low-voltage differential signaling (LVDS) series, wire to board series, wafers, light emitting diode (LED) bar connectors and others.
SHINHWA CONTECH CO., LTD 
