D&C Media Co.,Ltd. announces an Equity Buyback for KRW 1,000 million worth of its shares.
March 22, 2020 at 10:12 pm EDT
Share
D&C Media Co.,Ltd. (KOSDAQ:A263720) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with SK Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on September 23, 2020. As of March 22, 2020, the company had 64,882 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.
D&C MEDIA CO., LTD. is a Korea-based company principally engaged in the book publication and distribution business. The Company mainly provides genre novel contents, such as romance, fantasy, martial arts, mystery, science fictions (SFs). Its major novel brands include L Novel, Papyrus, Seed Novel & It Book, Black Label Club, D&C Books and D&C Webtoon. The Company supplies paper books through bookstores and book rental shops, as well as provides e-books through platforms such as Kakao Talk, Naver, Ridibooks and One Store.