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Kb Financial Group ( (KB) ) has provided an announcement.
On February 5, 2025, KB Financial Group, a prominent player in the Korean financial sector, resolved to cancel approximately 5.7 million of its common shares. This strategic decision involves acquiring these shares as treasury stock before their cancellation, a move that reflects the company’s intention to manage its equity more efficiently. The acquisition is scheduled between February 6 and May 5, 2025, with the transactions taking place on the Korean stock exchange. This cancellation, which is executed within the profits available for dividends, ensures no reduction in the company’s paid-in capital, potentially stabilizing the company’s share value and delivering positive implications for its stakeholders.
More about Kb Financial Group
YTD Price Performance: 10.18%
Average Trading Volume: 180,870
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.64B
For a thorough assessment of KB stock, go to TipRanks’ Stock Analysis page.
