Tranche Update on SMEC Co., Ltd.'s Equity Buyback Plan announced on October 4, 2018.
January 07, 2019
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From October 4, 2018 to December 31, 2018, the company has repurchased 977,093 shares, representing 3.79% for KRW 2,992.44 million. With this, the company has completed the repurchase of 977,093 shares, representing 3.79% for KRW 2,992.44 million under the buyback announced on October 4, 2018.
SMEC CO., LTD is a Korea-based company mainly engaged in the machinery and communication industry businesses. The Companyâs machinery business is involved in the production of computer number control (CNC) lathes, machine centers, robots, lasers, catalogue archives, assemblies and original equipment manufacturer (OEM) products under the brand name LCV, PL and others. Its communication business is involved in the provision of trunk gateways, media gateways, signaling gateways, session border controllers, wireless transmission control protocols (TCPs), and maintenance services under the brand names NGTG, NGMG, NGSG, NGSBC and WTCP. The Company also provides repair and maintenance services for communication equipment. It distributes its products within domestic market and to overseas markets.
SMEC CO.,LTD 