| Mobile Web

Mgame to buy back 2 billion won of treasury shares and cancel all

Mgame will buy back 2 billion won ($) worth of its own shares and cancel all of them to support its share price and boost shareholder value. The company said the purchase period will run from May 15 to Aug. 14 and will be conducted through on-exchange purchases in the KOSDAQ market. It expects to acquire about 411,100 shares, or about 2.14 percent of total shares outstanding, based on the previous day’s closing price of 4,865 won.