PAXNet, Inc. (KOSDAQ:A038160) announces a share repurchase program. Under the program, the company will repurchase up to 157,480 common shares. The purpose of the program is to stabilize stock price and improve shareholder value. The program will expire on May 27, 2019. As of May 8, 2019, the company had no shares in treasury within scope available for dividend and had 945 shares in treasury under other capacities.