UniTest Incorporation announces an Equity Buyback for KRW 3,000 million worth of its shares.
March 24, 2020 at 07:43 am IST
UniTest Incorporation (KOSDAQ:A086390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 23, 2020. As of March 23, 2020, the company had 770,791 treasury shares within scope available for dividend and no shares in treasury through other repurchase.