NC Defends Stock Price by Purchasing 300,000 Treasury Shares
[Asia Economy Reporter Bu Aeri] NCSoft announced on the 7th that it will acquire 300,000 treasury shares.
The acquisition is expected to be worth 189.9 billion KRW, with the acquisition period from the 8th to December 7th.
An NCSoft official stated, "This decision is aimed at enhancing shareholder value and stabilizing the stock price."
NCSoft's stock price has recently plummeted as the performance of its new release 'Blade & Soul 2', announced on the 26th of last month, fell short of market expectations.
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On this day, NCSoft closed on the KOSPI at 616,000 KRW, down 2.69% from the previous day.
This content was produced with the assistance of AI translation services.
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