Display Tech Co., Ltd. announces an Equity Buyback for 1,400,000 shares.
December 18, 2020 at 01:25 am EST
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Display Tech Co., Ltd. (KOSDAQ:A066670) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares pursuant to a contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 18, 2021. As of December 17, 2020, the company had 1,842,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
DTC Co Ltd, formerly Display Tech Co Ltd, is a Korea-based company engaged in the development, manufacture and sale of liquid crystal display (LCD) modules for mobile phones. The Company produces small-sized display modules, color super-twist nematic (CSTN), thin film transistor (TFT) LCD modules and others, which are used for mobile phones, personal digital assistants (PDAs), moving picture experts group audio layer-3 (MP3) players, portable multimedia players (PMPs), digital cameras, camcorders and printers. The Company mainly supplies its products to mobile phone manufacturers. In addition, the Company is engaged in the manufacture and sale of sanitary products such as masks. The Company is also engaged in the real estate rental business.
DTC CO., LTD. 
