[Edaily Reporter Park Sun-Yeop ] Mgame Corp.(058630)announced on the 26th that it has decided to repurchase 2 billion won worth of its own shares as part of its shareholder return policy.
The planned purchase consists of 503,778 common shares, with a total purchase price of 1.9999 billion won.
The expected acquisition period is from the 29th to September 28. The shares will be acquired directly on the KOSDAQ market, with MIRAE ASSET SECURITIES acting as the brokerage firm.
The company explained the purpose of the acquisition as “the repurchase and subsequent cancellation of treasury stock as part of a shareholder return policy aimed at enhancing corporate value.”
Prior to this decision, Mgame Corp. held 430,000 treasury shares acquired within the scope of distributable profits. This represents 2.24% of its common stock.
The planned purchase consists of 503,778 common shares, with a total purchase price of 1.9999 billion won.
The expected acquisition period is from the 29th to September 28. The shares will be acquired directly on the KOSDAQ market, with MIRAE ASSET SECURITIES acting as the brokerage firm.
The company explained the purpose of the acquisition as “the repurchase and subsequent cancellation of treasury stock as part of a shareholder return policy aimed at enhancing corporate value.”
Prior to this decision, Mgame Corp. held 430,000 treasury shares acquired within the scope of distributable profits. This represents 2.24% of its common stock.
