Shinsung Delta Tech Co., Ltd announces an Equity Buyback for KRW 2,000 million worth of its shares.
June 19, 2018 at 10:38 pm 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 KRW 2,000 million worth of its shares pursuant to a contract with Hana Financial Investment Co., LTD. The purpose of the program is to stabilize the stock price. The program will expire on June 20, 2019. As of June 19, 2018, the company had 65,975 shares in treasury within scope available for dividend and had 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.
SHINSUNG DELTA TECH CO.,LTD. 
