Shinhan Financial (SHG) has released an update.
Shinhan Financial Group Co., Ltd. (SFG) has announced a board resolution to cancel treasury shares, with a plan to purchase and cancel 6,896,551 common shares on the stock exchange from April 29 to October 28, 2024. The cancellation will not affect the company’s total capital, and is to proceed within available dividend profits, despite the reduction in total issued shares. The actual number of shares cancelled may vary with market fluctuations, with further details outlined in a subsequent Form 6-K announcement.
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