(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] NCSoft (NC) has announced that it will purchase shares through stock purchase rights related to the spin-off of two subsidiaries, which was approved during the company's extraordinary general meeting in August.

In a voluntary disclosure on the 4th, NCSoft revealed the results of the stock purchase rights exercise.

The company confirmed that it will proceed with the planned spin-offs and the establishment of new subsidiaries, accepting all requests from shareholders regarding the stock purchase rights related to the corporate division.

NCSoft will acquire 378,434 shares through the stock purchase rights, with a total purchase amount of approximately KRW 72.8 billion. These shares will be acquired as treasury stock, which the company plans to utilize as a resource for future mergers and acquisitions (M&A) to maximize corporate value.

Any treasury stock exceeding 10% of the company's shares will be considered for cancellation to enhance shareholder value.

As a result, the new, unlisted subsidiaries, NCQA and NCIDS, will be established as planned on October 1.

 

 

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