[Edaily Reporter Hyera Lee ] Mgame Corp.(058630)announced on the 1st that it has decided to cancel 430,000 common shares. The estimated cost of the cancellation is 1,915,650,000 won, and the cancellation is scheduled for the 15th.
The company stated that this cancellation applies to previously acquired treasury shares and is intended to enhance shareholder value and stabilize the stock price. Following the cancellation, the total number of issued shares will decrease from 19,202,574 to 18,772,574, while the company’s capital will remain unchanged.
The company stated that this cancellation applies to previously acquired treasury shares and is intended to enhance shareholder value and stabilize the stock price. Following the cancellation, the total number of issued shares will decrease from 19,202,574 to 18,772,574, while the company’s capital will remain unchanged.
