Games & Commerce
Nexon holding company NXC cancels all treasury shares bought from government
Nexon Group holding company NXC has cancelled all treasury shares it recently bought from the government. The company said on Tuesday its board approved the cancellation of 184,001 common shares, equal to 6.68 percent of 2,754,093 shares outstanding before the capital reduction. The move follows NXC’s May 4 purchase of some government-held in-kind tax payment shares for about 1.02 trillion won.
