Global Standard Technology Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
January 17, 2018 at 12:04 am EST
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Global Standard Technology Co., Ltd (KOSDAQ:A083450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Daishin Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on July 16, 2018. As of January 16, 2018, the company had 292,004 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Global Standard Technology, Limited is a Korea-based company engaged in the manufacture of gas scrubber mainly used in semiconductor industry. The Company's product portfolio consists of burn wet scrubbers, thermal wet scrubbers, plasma scrubbers and others, which are used in the treatment of environmentally hazardous gases. It also provides chillers used for etching and chemical vapor deposition (CVD) fields, heat exchangers used for etching, CVD and liquid crystal display (LCD) fields, chemical circulators used for photo, light-emitting diode (LED) and other fields, as well as thermostats used for photo, etching, metal organic chemical vapor deposition (MOCVD) and gas bubbler fields. The Company distributes its products within domestic market and to overseas markets.
GLOBAL STANDARD TECHNOLOGY, LIMITED 
