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The latest update is out from KT ( (KT) ).
KT Corporation, a key player in the telecommunications sector, announced on February 13, 2025, its decision to enter into a trust contract to acquire treasury shares worth 250 billion KRW. This initiative is a part of the ‘KT Corporate Value-Up Plan’, aimed at enhancing corporate value through a share buyback and cancellation strategy. The contract, scheduled from February 14 to August 13, 2025, involves Shinhan Securities Co., Ltd. as the trust contract agent. The move, resolved by the Board of Directors and supported unanimously by eight outside directors, marks a significant step in KT’s efforts to boost its market positioning and shareholder value.
More about KT
YTD Price Performance: 7.55%
Average Trading Volume: 1,876,510
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.64B
For an in-depth examination of KT stock, go to TipRanks’ Stock Analysis page.
