Rayence Co., Ltd. announces an Equity Buyback for KRW 5,000 million worth of its shares.
February 12, 2017 at 09:10 pm EST
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Rayence Co., Ltd. (KOSDAQ:A228850) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of shares pursuant to a trust contract with KB Securities Co., Ltd. The purpose of the share repurchase program is to improve shareholder value and to stabilize stock price. The share repurchase program is valid until February 13, 2018. As on February 12, 2017, the company had 292,565 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
Rayence Co., Ltd. is a Korea-based company mainly engaged in the manufacture of medical and veterinary X-ray detector products. Its products include thin film transistor (TFT) detectors and complementary-metal-oxide-semiconductor (CMOS) detectors. The products' brand name consists of 1012WCA, 17SCC/SGC, 1215CF, 1501CF and 0712CF. The Company also manufactures intra oral (I/O) sensors under the brand name of Ez1.0, Ez1.5, and mammography (mammo) machines under the brand 1724CM, 2434CM. The Company distributes its products to domestic and overseas markets.
RAYENCE CO., LTD. 
