Kyungin Electronics Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
July 23, 2018 at 02:56 am EDT
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Kyungin Electronics Co., Ltd (KOSE:A009140) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 worth of its shares, pursuant to a contract with Shinhan Bank. The purpose of the program is to improve the shareholders value and to stabilize the stock price. The program will expire on July 23, 2019. As of July 22, 2018, the company had 199,110 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
KYUNG IN ELECTRONICS CO., LTD. is a Korea-based company engaged in the electronics and telecommunication business. The Companyâs products portfolio consists of switches, such as tact switches, micro switches, push switches, detector switches, slide switches and surface mount device switches used for televisions, printers and monitors; remote controllers (Remocons), such as liquid crystal display (LCD) Remocons, card Remocons and standard Remocons used for televisions, air conditionings and automobiles under the brand name Samsung, and thermostats used for microwaves, electric ovens, washers, dryers, bidets and automobiles. It also involves in the real estate leasing business. The Company distributes its products within domestic market and to overseas markets.
KYUNGIN ELECTRONICS CO., LTD 
