Shinhan Financial Group Co (SHG) has released an update.
Shinhan Financial Group Co. announced its decision to cancel over 7 million treasury shares to optimize its capital structure. The company plans to acquire these shares on the stock exchange by April 2025, with an estimated cancellation value of 400 billion KRW. This move is expected to enhance shareholder value without altering the total capital amount.
For further insights into SHG stock, check out TipRanks’ Stock Analysis page.
