[Edaily Reporter PARK MIN ] NOUSBO(332290)announced on the 30th that it has decided to cancel 208,157 of its own shares to enhance shareholder value. The estimated cost of the cancellation is 453.99 million won. The book value per share to be canceled is 2,181 won, representing approximately 0.52% of NOUSBO’s total issued shares of 39,904,404. The scheduled cancellation date is August 5.
A NOUSBO official stated, “The aforementioned share cancellation is based on Article 343, Paragraph 1 of the Commercial Act and involves the cancellation of previously acquired treasury shares within the scope of distributable profits; there will be no reduction in capital,” adding, “The ‘scheduled cancellation date’ is subject to change depending on consultations with relevant authorities.”
A NOUSBO official stated, “The aforementioned share cancellation is based on Article 343, Paragraph 1 of the Commercial Act and involves the cancellation of previously acquired treasury shares within the scope of distributable profits; there will be no reduction in capital,” adding, “The ‘scheduled cancellation date’ is subject to change depending on consultations with relevant authorities.”
