Dragonfly GF Co., Ltd announces an Equity Buyback for KRW 1,000 million worth of its shares.
December 22, 2013
Share
Dragonfly GF Co., Ltd (KOSDAQ:A030350) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its own shares pursuant to a trust agreement with KDB Daewoo Securities Co., Ltd. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value. The repurchases will continue until June 25, 2014.
As of December 22, 2013, the company has 1,087,856 common shares under directly held treasury stock and nil shares in treasury through trust agreements.
Dragonfly GF Co., Ltd. is a Korea-based company engaged in the development and distribution of game software. The Company develops and distributes online game and computer game software, including first-person shooter (FPS) games, massively multiplayer online role-playing games (MMORPGs), casual games and others, such as Special Force, Soldier of fortune online, Quake Wars online, KARMA and KARMA online, VAAN online, Kingdom under fire online, The tour of duty, Valpurgis night, Anpan man and Anpan man 2 and others. It also provides mobile games, such as Special force net, Special force defence, Speed scandal for Kakao and others. The Company provides online game services within domestic market and to overseas markets, including China, Japan, America, Taiwan, Thailand, Philippines, Vietnam, Europe and others. It also provides Internet-based advertising services.