ChipMOS announces new share repurchase program

ChipMOS (IMOS) announced that its board of directors authorized a new share repurchase program with the total amount up to NT$525M, or $16.4M.Under the program, the company will repurchase up to 15M shares from the open market on the Taiwan Stock Exchange, approximately 2.06% of its issued share capital. The shares will be repurchased within a price range of NT$18.87 to NT$35.00 per share, while the buyback will still be carried out if the stock price falls lower than the aforementioned range. The authorization repurchase program period is from May 14 to July 13.