Com2uS Decides to Acquire Treasury Shares Worth 15 Billion KRW
[Asia Economy Reporter Buaeri] As the financial market became unstable due to the impact of the novel coronavirus infection (COVID-19), the gaming industry has started defending stock prices through share buybacks.
Com2uS announced on the 23rd that it decided to acquire treasury shares worth 15 billion KRW.
Com2uS explained, "We judged that the company's stock price currently shows a gap compared to its corporate value due to market conditions and other issues. Accordingly, we decided to acquire treasury shares as part of efforts to stabilize the stock price and enhance shareholder value."
The trust contract for acquiring treasury shares was signed with Samsung Securities, and the contract period is from today until September 23.
Com2uS stated, "We will enhance corporate competitiveness through global achievements of various games and active mergers and acquisitions (M&A)."
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MGAME also announced on the same day that it signed a trust contract with DB Financial Investment for acquiring treasury shares worth 2 billion KRW. MGAME said, "This decision to acquire treasury shares is aimed at stabilizing the stock price and enhancing shareholder value amid the difficult stock market situation caused by the impact of COVID-19."
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