ChipMOS (IMOS) announced that its board of directors authorized a new share repurchase program with the total amount up to $15.7M, based on the exchange rate of NT$30.59 to $1.00 as of August 29. Under the program, the company will repurchase up to 15M shares from the open market on the Taiwan Stock Exchange, approximately 2.09% of its issued share capital. The authorization repurchase program period is from September 3 to November 2.
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