Victek Co., Ltd. announces an Equity Buyback for 600,000 shares.
March 19, 2020 at 02:06 pm IST
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Victek Co., Ltd. (KOSDAQ:A065450) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on June 19, 2020. As of March 18, 2020, the company had 500,000 treasury shares within scope available for dividend and had no shares in treasury through other repurchase.
VICTEK Co., Ltd. is a Korea-based company mainly engaged in the provision of military systems and power supply systems. Its power supply systems are used for telecommunication, orbital weapons and electronic warfare systems. The Company offers electronic systems used for navy vessels and aircrafts, such as FLIR SEU systems, which are system processors for mobilizing helicopter equipment to provide infrared ray images, FO DMD systems, which transmit and receive location and image information with wired and wireless communications, direction finding systems, as well as digital frequency discriminators. It also develops radio frequency identification (RFID) systems, public bike systems, real time location systems, as well as solar inverters.
VICTEK CO., LTD. 
