Pearl Abyss Decides to Cancel 24.4 Billion KRW Worth of Treasury Shares

[Asia Economy Reporter Kwon Jae-hee] Pearl Abyss announced on the 2nd that it has decided to cancel 1,986,645 treasury shares previously acquired.

The scheduled cancellation amount is 24,423,810,000 KRW, and the scheduled cancellation date is May 11.

The company stated, "Based on the Commercial Act, treasury shares acquired within the scope of distributable profits will be canceled by a resolution of the board of directors," adding, "There will be no reduction in capital stock."

Recently, Pearl Abyss's stock price sharply declined as the initial sales of the game "Black Desert Mobile," released in China, were reported to be sluggish.

The stock price plummeted 31.62% in just two days, from 98,000 KRW on April 26, the release date of "Black Desert Mobile" in China, to 67,000 KRW on April 28.

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