Kb Financial Group (KB) has released an update.
KB Financial Group Inc. has announced plans to cancel 4,624,277 of its common shares by acquiring them as treasury shares, a process to occur between August 26, 2024, and March 4, 2025. This cancellation aligns with the Korean Commercial Code and will not affect the company’s paid-in capital, with the final number and amount of shares subject to market price fluctuations. Investors are directed to an earlier Form 6-K for details on the acquisition of the treasury shares.
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