Cafe24 Corp. announces an Equity Buyback for KRW 5,000 million worth of its shares.
May 08, 2020 at 10:07 am IST
Cafe24 Corp. (KOSDAQ:A042000) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on November 11, 2020. As of May 7, 2020, the company had 0 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.