NHN Decides to Cancel Treasury Shares Worth 74.8 Billion KRW

[Asia Economy Reporter Lee Seon-ae] NHN announced on the 9th that it has decided to cancel 1,500,717 shares of its treasury stock. The amount to be canceled is 74,828,750,000 KRW, and the scheduled cancellation date is the 17th of this month. The company stated, "The cancellation of treasury shares previously acquired within the scope of distributable profits by resolution of the board of directors will not result in a reduction of capital stock."

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