KC Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
June 20, 2022 at 04:22 am EDT
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KC Co., Ltd. (KOSE:A029460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Samsung Securities. The purpose of the program is to improve shareholder value and to stabilize stock price.
The program will expire on June 20, 2023. As of September 16, 2020. As of June 19, 2022, the company had 1,109,804 shares in treasury within scope available for dividend and had 7,032 shares in treasury through other repurchase.
KC CO., LTD., formerly K.C.Tech CO., LTD. is a Korea-based company mainly engaged in the manufacture and sales of production equipment for semiconductors and displays. The Companyâs products consist of chemical mechanical planarization (CMP) equipment for semiconductors, atomic layer deposition (ALD) systems, spinless coaters, track systems, 300 millimeter wet stations, wet stations for flat panel displays (FPDs), gas supply systems, ceria slurries and others. Through its subsidiaries, it also engages in the design, construction and manufacture of facilities for semiconductor and other industries. The Company distributes its products within domestic market and to overseas markets, including Mainland China, Taiwan and others.
KC CO., LTD. 
