<기사제목>Metuzen to Acquire Additional Treasury Shares Worth 10 Billion KRW

[Asia Economy Reporter Hyungsoo Park] Mobile casual game company M2ZEN announced on the 8th that it has decided to repurchase its own shares worth 10 billion KRW to stabilize its stock price and enhance shareholder value.

Previously, M2ZEN repurchased 228,833 shares and 497,513 shares in May and August of last year, respectively. With the additional repurchase, it will secure about 9.6% (1,297,775 shares) of the total issued shares.

Since its listing, M2ZEN has consistently implemented shareholder-friendly policies to enhance corporate and shareholder value. It distributes 40% of its annual net profit as dividends.

It has actively pursued M&A to secure growth engines. It acquired three companies: webtoon and web novel platform company ‘Mitun & Novel’, TPS and RPG developer ‘Jofsoft’, and blockchain platform operator ‘Miverse Labs’.

M2ZEN is promoting new businesses such as NFT and P2E based on M2ON Group’s metaverse blockchain platform ‘MEVerse’. It plans to launch the P2E version of the casual game ‘Pocket Battles’ in the first half of this year. Blockchain technology will be applied to the casual card game ‘Solitaire’ and the strategic TPS game ‘Lift Sweeper’ by its subsidiary Jofsoft.

This content was produced with the assistance of AI translation services.