ChipMOS Technologies (IMOS) said Tuesday that it has authorized a share repurchase program totaling up to 350 million New Taiwan dollars ($10.7 million).
The company said it plans to buy back up to 10 million shares on the Taiwan Stock Exchange, which is 1.4% of its issued capital.
The repurchase will take place between NT$21.18 per share and NT$35 per share, and the buyback will continue even if the stock price falls below this range, the company said.
The program is set to run from Jan. 22 to March 21.
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