TOVIS Co.,Ltd announces an Equity Buyback for 581,395 shares.
April 12, 2018 at 08:09 am IST
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TOVIS Co.,Ltd (KOSDAQ:A051360) announces a share repurchase program. Under the program, the company will repurchase up 581,395 shares. The purpose of repurchase program is to stabilize the price of the company’s stock and raise shareholder value. The repurchase program is valid until July 12, 2018. As of April 12, 2018, the company had 330,666 shares within scope available for dividend and had 90,901 shares in treasury through other repurchase.
TOVIS Co.,LTD is a Korea-based Company mainly engaged in the manufacture of thin film transistor-liquid crystal display (TFT-LCD) modules. The Company provides three categories of products: TFT-LCD modules, which are used in cell phones, portable multimedia players (PMPs), digital multimedia broadcasting (DMB) televisions (TVs), digital cameras and others; industrial monitors, which are used in casino gaming monitors, public information displays, medical equipment and others, and touch panels, which are used for mobile phones, personal digital assistants (PDAs), navigations and others. It distributes its products within domestic market and to overseas markets. On February 26, 2013, the Company merged with HOYAHTECH CO. LTD., a Korea-based company mainly engaged in the development, manufacturing and sales of touch panel and tempered glass.
TOVIS CO.,LTD 
