Tranche Update on Kona I Co.,Ltd.'s Equity Buyback Plan announced on September 1, 2022.
March 06, 2023 at 01:59 am EST
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From October 1, 2022 to December 31, 2022, the company has repurchased 57,188 shares, representing 0.43% for KRW 895.8 million. With this, the company has completed the repurchase of 249,317 shares, representing 1.84% for KRW 3,958.42 million under the buyback announced on September 1, 2022.
KONA I CO.,LTD. is a Korea-based company engaged in the development and provision of smart cards and related products. The Company provides various smart cards, including universal subscriber identity module (USIM) cards, integrated circuit (IC) chip cards, health cards, national identification cards, electronic passport cards and others. The Company provides its smart cards under the brand names of Kona and Mybi. The Company also provides chip on board (COB) assemblies used to manufacture smart cards. In addition, it develops smart card management systems, and provides system integration (SI) and maintenance services. On April 24, 2013, the Company changed its name from KONA@I CO.,LTD. to KONA I CO.,LTD. On September 2, 2013, it merged with its wholly owned subsidiary, engaged in the software development and card sales.