Kb Financial Group ( (KB) ) just unveiled an announcement.
On March 4, 2025, KB Financial Group announced an update regarding its board of directors’ resolution to cancel 4,575,874 of its treasury shares, initially disclosed in July 2024. The cancellation, scheduled for May 15, 2025, will reduce the total number of issued shares without affecting the company’s paid-in capital, aligning with Article 343-1 of the Korean Commercial Code. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value by decreasing the number of outstanding shares.
More about Kb Financial Group
KB Financial Group is a prominent financial services company based in Seoul, Korea, primarily engaged in providing a wide range of financial products and services. The company operates in the financial industry, focusing on banking, insurance, and investment services, catering to both domestic and international markets.
YTD Price Performance: -4.47%
Average Trading Volume: 189,657
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $19.78B
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