Advanced Semiconductor Engineering (ASE) on August 29 announced that the company executed its fourth share buyback program ahead of schedule. Two days later, ASE issued a filing with the Taiwan Stock Exchange (TSE) unveiling plans to buy back another 50 million company shares from the open market.

The total number of shares bought back was 34 million for a total expenditure of approximately NT$874 million (US$30.2 million), or an average repurchase price of NT$25.72 per share. The activity was originally slated to complete in mid-October.

The new buyback program announced on September 1 will be carried out between September 2 and November 1. ASE plans to repurchase up to about NT$23.4 billion worth, or 50 million units, of its common shares with a unit price ranging from NT$20-42.

ASE shares closed at NT$25.85 on September 1, down NT$0.15.

Source:digitimes