BuybackJul 23, 2026, 07:51 AM
Shinhan Financial Group to Cancel KRW 700B in Treasury Shares
AI Summary
Shinhan Financial Group's board of directors has resolved to cancel 6,698,565 common treasury shares, with an estimated value of KRW 700 billion. The shares will be acquired on the Korea Exchange (KRX) between July 31, 2026, and October 22, 2026. This action will reduce the number of issued shares but will not impact the company's total capital amount, and includes one treasury share acquired previously as required by law.
Key Highlights
- Shinhan Financial Group's board resolved to cancel 6,698,565 common treasury shares.
- The estimated value of the shares to be cancelled is KRW 700,000,000,000.
- Shares will be acquired on the KRX stock exchange from July 31, 2026, to October 22, 2026.
- The cancellation will decrease the number of issued shares but will not change the total capital amount.
- This includes one treasury share acquired in a previous exchange, mandated by the Korean Commercial Act.
- The actual number and amount of shares cancelled may vary based on share price during the acquisition period.
Price Impact
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