GABIA, Inc. announces an Equity Buyback for KRW 1,000 million worth of its shares.
July 04, 2024 at 10:54 am IST
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GABIA, Inc. (KOSDAQ:A079940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to use the shares for compensation for employee performance. The program will expire on January 3, 2025.
As of July 3, 2024, the company had 506,830 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions.
GABIA, Inc. is a Korea-based company specialized in the provision of Internet infrastructure services. The Company, along with its subsidiaries, operates in two business segments: Internet infrastructure segment as well as wholesale and agent segment. Its Internet infrastructure segment is involved in the provision of a range of Web related services, including domain service, which provides global domain name registration services; hosting service, which leases servers for homepage operations; Web agency service, which designs and builds Internet Websites, Internet data center (IDC) services, Internet service provider (ISP), as well as Web mail solution service, among others. Its whole and agent segment is involved in the collection and sale of recycled materials.
GABIA, INC. 
