Pan Entertainment Co.,Ltd. announces an Equity Buyback for KRW 1,500 million worth of its shares.
March 31, 2020 at 10:21 am IST
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Pan Entertainment Co.,Ltd. (KOSDAQ:A068050) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with Korea Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on October 30, 2020. As of March 30, 2020, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
PAN ENTERTAINMENT CO.,LTD. is a Korea-based company mainly engaged in the production of broadcasting programs. The Company operates its business through two divisions: broadcasting programs business division and rental business division. The broadcasting programs business division is mainly engaged in the production of television (TV) dramas, as well as culture and entertainment programs, which are provided to TV broadcasting companies, and operation of music records business, which produces music records for original sound tracks (OSTs). It also engages in the management of its artists. The rental business division is involved in the building rental and leasing business. The Company distributes its products within domestic market and to overseas markets.
PAN ENTERTAINMENT CO., LTD. 
