Craft Tone To Incinerate Treasury Stocks After Buyback: What It Means For Player Unknowns Battlegrounds
Craft ton (CEO Kim Changchun) announced on the 7th that it plans to itinerary after purchasing treasury stocks.
Craft Tone will buy and incinerate treasury stocks within 40% of the money left after subtracting the investment from the surplus cash flow this year.
It is a way to increase shareholder value.
The 7-day closing price is 180,600 won, up 0.89% from the previous trading day.
It was 68.8% decreased compared to the highest price on November 17, 2021.
Treasury stock purchases and incineration plans are implemented over three years.
The treasury stocks acquired this year will be incineration, and the treasury stocks acquired in 2024 and 2025 will be incinerated at least 60%.
Craft tone re-relaxed the stock standards and compensation systems (RSS).
The system is designed to secure excellent manpower and maintain and motivate competitive employees.
As of the 7th, more than 2.16 million shares of Craft Tone shares.
Among them, the stocks used for RSS are 12.5 million shares, 5.8%.
RSU is scheduled to be granted in the first half of this year.
After the RSU grant, the treasury issue is divided into 35%in one year, 35%in two years, and 30%in three years.
Craft ton last year’s sales fell 1.7% year-on-year to 1.85 trillion won.
Operating profit rose 15.5% year-on-year to W71.6bn.
Net profit is 3.8%, down 3.8%.
The operating profit has improved due to stable business operations and cost efficiency, Kraft ton said.
In addition, Crampon will recruit former CPO Young and former CPO of La eBay Korea as an outside director.