Tranche Update on Shinsung Delta Tech Co.,Ltd.'s Equity Buyback Plan announced on March 26, 2020.
June 25, 2020 at 08:23 pm EDT
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From April 1, 2020 to June 26, 2020, the company has repurchased 356,626 shares, representing 1.51% for KRW 1,025.17 million. With this, the company has completed the repurchase of 369,626 shares, representing 1.57% for KRW 1,052.9 million under the buyback announced on March 26, 2020.
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.