[Asia Economy Reporter Hyunseok Yoo] Global mobile casual game company Me2zen has decided to repurchase its own shares again following the decision made in May to enhance shareholder value.
On the 30th, Me2zen announced the decision to repurchase its own shares worth 10 billion KRW, stating that based on the company's excellent capabilities, the additional share repurchase aims to stabilize the stock price, enhance shareholder value, and be used as resources for stock options and employee compensation. Me2zen plans to purchase shares worth 10 billion KRW over a maximum period of three months through Mirae Asset Securities and Kyobo Securities.
Sung Jongwon, Me2zen's Chief Financial Officer, said, "The overhang issue was resolved by disposing of the remaining shares held by the existing Chinese shareholder on the 27th," adding, "Accordingly, Me2zen will strengthen responsible management through additional share repurchases, firmly establish co-growth with investors, and continuously pursue business growth through new releases and M&A. We will actively engage in continuous IR activities to receive appropriate evaluations in the market."
Meanwhile, Me2zen plans to release new titles in the second half of this year in the casual game genre, including ▲ the strategy battle game ‘Pocket Battles’ ▲ ‘Solitaire Perfect Holiday,’ an upgraded version of TriPix, and ▲ the social casino genre’s high-quality video slot ‘Hopping Cash Casino.’
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