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PCB Maker Wus to Buy Back Shares
December 24, 2015 | I-Connect007Estimated reading time: Less than a minute
Taiwan-based PCB maker Wus Printed Circuit has announced plans to repurchase as many as 30 million shares, or 9.73% of the company's outstanding shares, at between NT$18.83 ($0.57) and NT$39.23 per share through February 22, 2016, according to a Digitimes report. The move is aimed at maintaining the company's credit and shareholder equity.
Wus reported revenues of NT$479 million ($14.6 million) in November 2015, up by 19% sequentially but down by 31.5% from last year. Year-to-date sales totaled NT$5.67 billion, down by 15.3% from the same period last year.
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