Incross Co., Ltd. announces an Equity Buyback for KRW 4,000 million worth of its shares.
March 05, 2021 at 01:22 am EST
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Incross Co., Ltd. (KOSDAQ:A216050) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares, pursuant to a contract with Shinhan Investment Corp. The purpose of the program is to stabilize share price and enhance shareholder value. The program will be valid until September 6, 2021. As of March 4, 2021, the company had 795,055 treasury shares within scope available for dividend and no shares in treasury through other repurchase.
Incross Co Ltd is a Korea-based company primarily engaged in mobile advertising business. The Company operates its business through three segments. The Advertising Business segment is engaged in providing digital advertising services through the online advertising solution and platform. It also provides media planning, advertising effect analyzing and other advertising solution services. The Operation Business segment is engaged in providing advertising services and open market platform (OMP) operation. The Other Business segment is engaged in commerce, contents marketing and other business.
INCROSS CO., LTD. 
