The number of repurchased shares accounted for half of the shares that the company had planned to acquire on the open market to bolster its share price. Largan shares on Friday closed 0.61 percent lower at NT$2,445 in Taipei trading, having dropped 23.47 percent since the beginning of this year due to weak revenue performance and a fall in profitability. Largan Precision Co’s headquarters are pictured in the Taichung Precision Machinery Science and Technology Innovation Park on June 6 last year. Photo: David Chang, EPA-EFEDuring the buyback period, its stock price rose 21.33 percent, Taiwan Stock Exchange data showed. The firm’s cumulative revenue for the first 11 months dropped 16.79 percent year-on-year to NT$42.46 billion, company data showed.

Source: Taipei Times December 26, 2021 23:31 UTC