KB Financial Employee Stock Ownership Association "Shareholding Ratio Expanded from 1.34% to 1.73%"
Intraday Purchase of 66.7 Billion Won Fundraising
[Asia Economy Reporter Park Sun-mi] KB Financial Group's employee stock ownership association announced on the 9th that its stake in KB Financial has increased to 1.73%.
On the day, the employee stock ownership association stated, "From the 16th of last month to the 6th of this month, with the participation of 6,762 members, we completed intraday purchases using funds amounting to 67.6 billion KRW that were internally raised. We secured an additional 1,616,118 shares of KB Financial stock."
They added, "The association's stake increased from 1.34% to 1.73%. It has become the fifth largest shareholder following the National Pension Service (9.97%), the largest shareholder of KB Financial, and JP Morgan Chase (6.40%). Excluding treasury shares held by KB Financial Group itself (5.06%), it effectively ranks as the fourth largest shareholder."
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The employee stock ownership association also mentioned that it plans to continue purchasing treasury shares steadily through various activities going forward.
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