SAMT Co., Ltd. announces an Equity Buyback for 1,500,000 shares.
March 18, 2024 at 03:43 am EDT
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SAMT Co., Ltd. (KOSDAQ:A031330) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares. The purpose of the program is to stabilize the stock prices and improve the shareholders' value.
The program will expire on September 19, 2024. As of March 17, 2024, the company had 2,000,000 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
SAMT Co.,LTD. is a Korea-based company engaged in the distribution of semiconductors and other information technology (IT) products. The Companyâs products consist of semiconductors, including memory and non-memory semiconductors; displays, including digital information displays (DIDs), liquid crystal displays (LCDs) for monitors and laptops, small- and medium-size LCDs and others; personal computers (PC) and storage products, including laptops, desktops, monitors, printers, solid state disks (SSDs), servers, keyboards and others, as well as digital modules, among others. The Companyâs main suppliers are SAMSUNG ELECTRONICS, SAMSUNG DISPLAY, SAMSUNG TECHWIN, SAMSUNG SDI and SAMSUNG ELECTRO-MECHANICS. It distributes its products within domestic market and to overseas markets, such as America and China.
SAMT CO., LTD. 
