FNC Entertainment Co., Ltd. announces an Equity Buyback for KRW 2,500 million worth of its shares.
March 08, 2017 at 03:14 am EST
Share
FNC Entertainment Co., Ltd. (KOSDAQ:A173940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of its shares under the contract with Shinhan Investment Corp. The purpose of the program is to improve the shareholders’ value through the stock price stabilization. The program will be valid till September 7, 2017. As on March 7, 2017, the company had 145,631 shares in treasury under the dividend capacity and nil shares in treasury under other capacities.
FNC ENTERTAINMENT Co., Ltd. is a Korea-based company principally engaged in the entertainment business. The Company operates its business through five divisions: concert division, merchandising division, music division, management division and other business division. Its concert division engages in the planning, production and operation of concerts. Its merchandising division engages in the distribution of souvenirs and accessories about artists. Its music division involves in the planning, production and distribution of phonograph records and provision of sound sources. Its management division involves in the broadcasting, and provision of dramas and advertising services. Its other business division involves in the operation of fan clubs.
FNC ENTERTAINMENT CO., LTD. 
