[Featured Stock] No Brand Rises on News of Treasury Stock Buyback and Cancellation

Shares of Nobrand are showing strength following news of its share buyback and cancellation.

As of 1:54 PM on the 14th, Nobrand is trading at 12,810 won, up 9.49% (1,110 won) from the previous trading day.

On the previous day, Nobrand announced that it would cancel treasury shares worth 3.025 billion won. The scheduled cancellation date is the 25th of this month.

Along with this, Nobrand announced that it will purchase treasury shares worth 3 billion won (247,993 shares) from today until February 13 of next year.