Transcend Information, Inc. announces an Equity Buyback for 3,000,000 shares, representing 0.7% for TWD 14,813.17 million.
November 07, 2019 at 04:51 am EST
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Transcend Information, Inc. (TSEC:2451) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 0.7% of its issued and outstanding shares for TWD 14,813.17 million. The shares will be repurchased at a price not more than TWD 97 per share and not less than TWD 49 per share. The purpose of the plan is to secure company's credit and shareholders' interests. The plan will be valid up to January 7, 2020.
Transcend Information, Inc. is a Taiwan-based company principally engaged in the manufacture and distribution of memory products. The Companyâs primary products include dynamic random access memory (DRAM) expansion cards, desktop and notebook computer memory cards, server and workstation memory cards, router memory cards, laser printer and facsimile machine memory cards, flash memory application products, compact flash cards, multimedia cards (MMCs), secure digital (SD) cards, moving picture experts group layer-3 audio (MP3) players, digital photo frames, mobile hard drives, external digital video disk (DVD) recorders and solid hard drives. The Company mainly distributes its products in domestic market and overseas markets, including the rest of Asia, the Americas and Europe.
TRANSCEND INFORMATION, INC. 