Shinhan Financial Group Co (SHG) has released an update.
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Shinhan Financial Group’s board has approved a plan to acquire treasury shares worth 400 billion KRW through a trust agreement, with NH Investment & Securities appointed for the acquisition. The move, scheduled between October 2024 and April 2025, aims to enhance shareholder value by purchasing shares in two phases: 250 billion KRW by the end of 2024 and the remainder in early 2025.
For further insights into SHG stock, check out TipRanks’ Stock Analysis page.