Tranche Update on GABIA, Inc.'s Equity Buyback Plan announced on August 29, 2023.
March 04, 2024 at 03:04 am EST
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From January 1, 2024 to February 15, 2024, the company has repurchased 105,959 shares, representing 0.81% for KRW 1,863.13 million. With this, the company has completed the repurchase of 115,307 shares, representing 0.88% for KRW 2,012.09 million under the buyback announced on August 29, 2023.
GABIA, Inc. is a Korea-based company specialized in the provision of Internet infrastructure services. The Company, along with its subsidiaries, operates in two business segments: Internet infrastructure segment as well as wholesale and agent segment. Its Internet infrastructure segment is involved in the provision of a range of Web related services, including domain service, which provides global domain name registration services; hosting service, which leases servers for homepage operations; Web agency service, which designs and builds Internet Websites, Internet data center (IDC) services, Internet service provider (ISP), as well as Web mail solution service, among others. Its whole and agent segment is involved in the collection and sale of recycled materials.