[Featured Stock] DoubleU Games Surges Over 6% on News of 30 Billion KRW Treasury Stock Acquisition...

[Asia Economy Reporter Kwon Jae-hee] DoubleU Games is showing strong performance in the early trading session on the 30th following the announcement of a 30 billion KRW stock repurchase trust contract.

As of 10:05 AM on the same day, DoubleU Games is trading at 42,000 KRW on the KOSPI market, up 6.87% compared to the previous trading day. During the session, DoubleU Games briefly rose by 9.16% to 42,900 KRW before giving up some of the gains.

Earlier, DoubleU Games disclosed that it signed a stock repurchase trust contract worth 30 billion KRW with Korea Investment & Securities to stabilize its stock price and enhance shareholder value. The contract period is from today until February 28, 2023.