KB Financial Group to Cancel Treasury Shares

Kb Financial Group (KB) has released an update.

KB Financial Group has announced its plan to cancel over 1 million common shares previously acquired as treasury stock. This strategic move, authorized by the board, aims to optimize the company’s capital structure without affecting its paid-in capital. The acquisition of these shares is set to begin in November 2024 and will be conducted through the Korean stock exchange.

For further insights into KB stock, check out TipRanks’ Stock Analysis page.