F&F Decides on Trust Contract for Acquisition of Treasury Shares Worth 20 Billion KRW
[Asia Economy Reporter Junho Hwang] F&F announced on the 15th that it has signed a trust contract to acquire treasury shares worth 20 billion KRW to enhance shareholder value. As of the end of the previous fiscal year, the limit for distributable profits under the Commercial Act is 261.8083 billion KRW, and the limit for treasury share acquisition amount is 217.80366 billion KRW. Prior to this contract, F&F held 8,817 treasury shares (0.1%), which were odd-lot shares acquired due to last year's spin-off.
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