STI Signs Trust Contract for Treasury Stock Acquisition to Enhance Shareholder Value

[Asia Economy Reporter Jang Hyowon] STAI announced on the 3rd that it has signed a trust contract for the acquisition of treasury shares to enhance shareholder value. The acquisition period is six months, from the 3rd of this month to December 2nd.

STAI currently holds 810,000 treasury shares, and it is expected that the number of shares held will increase to 1 million through this acquisition.

An STAI official stated, "We will strive to enhance shareholder value through active shareholder returns," adding, "We will also actively engage in generous investments and business activities for new businesses in preparation for the future to establish a foundation for continuous growth."

Meanwhile, STAI achieved its first orders from Intel and Siltronic this year as a result of efforts to discover new clients for its existing core equipment, C.C.S.S., and the order backlog at the end of the first quarter reached an all-time high. In addition, orders for new growth engines such as reflow and developing equipment are expanding, and the inkjet equipment developed through continuous research and development has also succeeded in mass production orders.

This year, STAI has succeeded in mass production orders not only for utility equipment but also for new items in semiconductor, substrate, and display process equipment, establishing itself as an equipment company with a diverse product portfolio.

This content was produced with the assistance of AI translation services.