Kb Financial Group (KB) has released an update.
KB Financial Group Inc. has announced the termination of its trust agreement for the acquisition of treasury shares, effective as of August 7, 2024. The trust, established on February 8, 2024, with a total contract amount of 320 billion KRW, ended with the acquisition of 4,398,135 treasury shares, bringing the company’s total to 24,245,382 shares held. This termination, conducted with Samsung Securities Co., Ltd., aligns with the Financial Investment Services and Capital Markets Act of Korea, not requiring a separate board resolution.
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