PearlAbyss Corp. announces an Equity Buyback for KRW 20,000 million worth of its shares.
February 13, 2018 at 02:50 am EST
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PearlAbyss Corp. (KOSDAQ:A263750) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of its shares pursuant to a contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to increase shareholder value, acquire bonus (treasury stock) fund to secure excellent development manpower and induce long-term service and funding for strategic M & A. The program will expire on August 13, 2018. As of February 12, 2018, the company had 848,760 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.
PearlAbyss Corp is a Korea-based company principally engaged in the development and publishing of online games. The Company operates its business through two segments. The Game Business segment develops and supplies games called Black Desert. The Other Business segment engage in the development and sales of game servers and network engines, investment and management consulting.
PEARL ABYSS CORP. 
