UNISEM Co., Ltd. announces an Equity Buyback for 379,507 shares.
March 07, 2017
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UNISEM Co., Ltd. (KOSDAQ:A036200) announces a share repurchase program. Under the program, the company will repurchase up to 379,507 shares for a total of KRW 2,000 million, which is based on the closing price of KRW 5,270 per share on March 6, 2017. The actual repurchase number of shares and the amount may change according to the hereafter stock price change. The company will repurchase its shares directly through Korea Securities Dealers Automated Quotation market. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The maximum number of shares that the company may repurchase on any day is 37,950 shares. The share repurchase program is valid until June 7, 2017. As of March 6, 2017, the company had 875,369 shares in treasury within scope available for dividend and had 2,134 shares in treasury through other repurchase.
UNISEM Co. Ltd. is a Korea-based company engaged in the manufacture of equipment for semiconductor manufacturing. The Company operates two business divisions: semiconductor equipment business division and complementary metal oxide semiconductor image sensors (CISs) business division. Its semiconductor equipment business division provides gas scrubbers, which are used for purifying noxious gases created in semiconductors and liquid crystal displays (LCDs) manufacturing processes; chiller units, which are used as controlling devices for chambers and wafer holders; vacuum lines, as well as equipment maintenance services. Its CISs business division provides camera modules for mobile phones.