Shinsung Delta Tech Co.,Ltd. announces an Equity Buyback for 400,000 shares.
March 26, 2020 at 01:12 am EDT
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Shinsung Delta Tech Co.,Ltd. (KOSDAQ:A065350) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on June 26, 2020. As of March 25 2020, the company had 630,374 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.
SHINSUNG DELTA TECH CO.,LTD. is a Korea-based company engaged in the manufacture of mold products. The Company operates in three divisions: home appliance, information technology (IT) and automobile. The home appliance division provides washing machine parts such as control panel assemblies, drum motor assemblies, outer tub assemblies, top cover assemblies, front panel assemblies and others, as well as air conditioner parts such as front grille assemblies, front panel assemblies, propeller fan assemblies and others. The IT division provides mobile phone parts such as sub window in-mold products, main window sheets and others, as well as liquid crystal display (LCD) parts such as light guide panels. The automobile division offers engine parts, interior and exterior parts, air conditioner parts, and electronics parts for automobiles. Its main client is LG Electronics.