Ymc Co., Ltd. announces an Equity Buyback for KRW 4,000 million worth of its shares.
March 18, 2020 at 07:03 am IST
Share
Ymc Co., Ltd. (KOSDAQ:A155650) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a contract with Mirae Asset Daewoo Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 17, 2020. As of March 17, 2020, the company had 701,160 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
YMC Co.,Ltd is a Korea-based company mainly engaged in the manufacture of flat panel displays (FPDs) targets and components. The Companyâs main products portfolio consists of targets, baking plates and FPD process equipment, as well as cleaning process equipment frames. In addition, it is involved in the sale of solar cells, back sheets and others. Its FPD process equipment includes dry etchers and chemical vapor deposition (CVD) equipment. The Company distributes its products with domestic market and to overseas markets. On December 31, 2013, it established a new wholly owned subsidiary in Hong Kong.
YMC CO., LTD. 
