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An announcement from Shinhan Financial Group Co ( (SHG) ) is now available.
On February 6, 2025, Shinhan Financial Group Co., Ltd. announced its decision to acquire 9,861,932 treasury shares at an estimated cost of KRW 500 billion. The acquisition, scheduled between February 7 and August 6, 2025, aims to cancel shares in a move expected to optimize capital structure and potentially enhance shareholder value. This strategic initiative reflects the company’s efforts to manage its equity effectively amidst fluctuating stock prices, as the actual acquisition amount may vary.
More about Shinhan Financial Group Co
Shinhan Financial Group Co., Ltd. is a leading financial services provider based in Seoul, Korea. The company primarily operates in the financial industry, offering a range of banking and financial services. It focuses on delivering comprehensive financial solutions to its clientele, positioning itself as a significant player in the Korean financial market.
YTD Price Performance: 7.55%
Average Trading Volume: 177,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.22B
Learn more about SHG stock on TipRanks’ Stock Analysis page.
