Tranche Update on Toptec Co., Ltd.'s Equity Buyback Plan announced on June 15, 2018.
September 16, 2018 at 11:02 pm EDT
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From July 1, 2018 to September 14, 2018, the company has repurchased 334,664 shares, representing 0.91% for KRW 7,384.25 million. With this, the company has completed the repurchase of 405,679 shares, representing 1.1% for KRW 9,108.44 million under the buyback announced on June 15, 2018.
TOPTEC Co., Ltd. is a Korea-based company engaged in the manufacture of automated machines. The Company's products consist of display related equipment, including equipment for liquid crystal display (LCD), organic light emitting diode (OLED) and plasma display panel (PDP) manufacturing; equipment for rechargeable battery manufacturing, such as can cap laser welding machines, cap assembly machines and laser welding machines; solar module related equipment, including tabbing and laminating machines; automobile related equipment, including seat auto covering machines and seat assembly in-line systems; equipment for belt manufacturing, including of bias cutting machines, angle cutting machines, v-belt building machines and cross cutting machines; nano-fiber and laser cutting equipment, as well as loaders and unloaders.