Industry

Go Yang to cancel 19.1 billion won of treasury shares under revised Commercial Act

Go Yang Technology will cancel 450,542 treasury shares it holds, worth about 19.1 billion won based on the previous session’s closing price. The company said on May 14 its board approved the cancellation, which is scheduled for May 22. The move follows a revised Commercial Act that took effect in March 2026 and will reduce outstanding shares to 68,204,213 from 68,654,755 without cutting capital. The planned cancellation amount is 6.07 billion won at book value.

Games & Commerce

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.