AfreecaTV Co., Ltd. announces an Equity Buyback for KRW 20,000 million worth of its shares.
July 31, 2023 at 05:01 am IST
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AfreecaTV Co., Ltd. (KOSDAQ:A067160) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of its shares according to the contract with KB Securities Co. Ltd. The program is aimed at acquisition through the issuance of treasury stocks when enhancing shareholder value and exercising stock options to employees.
The program will expire on January 31, 2024. As of July 30, 2023, the company had 541,019 shares in treasury within the scope available for dividend and had no shares in treasury through other repurchases.
Soop Co Ltd, formerly AfreecaTV Co Ltd, is a Korea-based company principally engaged in the provision of one person media platform services. The Company provides functional items such as donation economy gifts such as star balloons and subscriptions, and paid item products such as quick view and gold through the platforms. In addition, the Company uses AfreecaTV's platform and infrastructure to provide advertisements by providing content that fits the marketing concept of advertisers. The Company also operates multi-platforms such as open studios.
SOOP CO., LTD. 
