Studio Mir to Cancel 2.8 Billion KRW Worth of Treasury Shares... "Continuing Responsible Management to Enhance Shareholder Value"

Studio Mir, a KOSDAQ-listed company, announced on the 28th that it has decided to cancel treasury shares worth 2.8 billion KRW (101,694 shares).

The company explained that this treasury share cancellation was decided as a more efficient way to enhance corporate value, against the backdrop of recent business conditions where various growth momentum is being prepared.

Studio Mir, which has continued its growth trend by successfully turning around its performance in the fourth quarter of last year, has been actively securing projects from global OTT companies until recently. On the 20th of next month, it is scheduled to air ‘X-men 97’ through Disney Plus, and plans to release two additional works within this year.

A representative of Studio Mir stated, “As we are growing into a global animation production company beyond Korea, we will continue to consider shareholder-friendly policies from various perspectives in the future.”

Studio Mir holds partnerships with all three major global OTT companies, including Netflix. This year, aiming to become a global content producer, the company plans to actively pursue new businesses such as securing IP (Intellectual Property Right) and collaborate with various content genres.

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