DE&T Co. Ltd.'s Equity Buyback in the amount of KRW1000 mm has expired
August 07, 2012 at 12:00 am EDT
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The Board of Directors of DE&T Co. Ltd. (KOSE:A079810) authorized a share repurchase program on August 8, 2011. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with Meritz Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on August 8, 2011 and will continue until August 7, 2012. As of August 8, 2011, the company does not hold any share in treasury. Meritz Securities Co., Ltd acted as the broker for the buyback.
DE&T Co. Ltd.'s share repurchase program expired on August 7, 2012. Under the plan, the company repurchased 375,435 shares.
DE&T Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of flat panel display (FPD) equipment and components. The Company produces inspection equipment for liquid crystal displays (LCDs), plasma display panels (PDPs) and active matrix organic light emitting diodes (AMOLEDs). The Companyâs products mainly consist of macro and micro inspections used to test defects in the thin film transistor glasses and color filter glasses by illuminations and microscopes; gross testers used to test defects in FPD cells; PDP bulb testers and label distribution protocol (LDP) devices used to test panels and conduct laser direct patterning, and others, such as components and probe units. The Company distributes its products within domestic market and to overseas markets.
DE&T CO., LTD. 
