Global Standard Technology, Limited announces an Equity Buyback for KRW 2,000 million worth of its shares.
January 17, 2021 at 11:47 pm EST
Share
Global Standard Technology, Limited (KOSDAQ:A083450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its common stock, pursuant to a contract with DAISHIN SECURITIES CO., LTD. The purpose of the program is to stabilize the stock prices, enhance the shareholders’ value and issuance commission of treasury stock according to the exercise of stock option. The program will end on July 18, 2021. As of January 17, 2021, the company had 483,500 shares in treasury within the scope available for dividend and 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 
