QMC Co., Ltd. announces an Equity Buyback for KRW 600 million worth of its shares.
May 30, 2019 at 03:28 am EDT
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QMC Co., Ltd. (XKON:A136660) announces a share repurchase program. Under the program, the company will repurchase up to KRW 600 million worth of its own shares, pursuant to a contract with Hana Financial Investment Co., LTD. The purpose of the program is to gain share price stability and to increase shareholder value. The plan will be valid up to November 29, 2019. As on May 29, 2019, the company had no treasury shares under dividend capacity and other capacities.
QMC Co., Ltd. is a Korea-based company mainly engaged in the production and sale of light emitting diode equipments. The main products include processing systems, testers, handlers, lighting light emitting diodes (LEDs). In addition, the Company produces and sells laser systems, semiconductors, flat panel displays (FPDs), and other machines such as punching machines, sanding machines, mask probers. Laser systems include laser scribing systems, laser lift off systems, laser micromachining systems. Semiconductors include tapping machines. FPD consists of liquid crystal display (LCD) probe stations, and small LCD probe stations. The Company distributes its products within the domestic market and to overseas markets, including China.
QMC CO., LTD. 
