Kumho Petrochemical to Cancel Half of Its Treasury Shares Worth 380 Billion KRW
Kumho Petrochemical announced on the 6th that it will burn half of its treasury shares over the next three years.
Kumho Petrochemical stated that it plans to cancel 50% of its existing treasury shares in installments over three years to enhance shareholder value.
Hot Picks Today
"Parents Deposited 10 Million Won for Me"... Se...
- Iranian Rial Hits Record Low of 1.8 Million Per Dollar Amid Middle East War
- "SK Hynix Stock Windfall"... Teenager With Wads of Cash Turns Thief at Jewelry S...
- "Major Crash Is Coming... Buy Even If You Have to Skip a Meal" 'Rich Dad' Shares...
- "Save 30 Million Won, Grow It to 100 Million": Dramatic Pledge Sparks "Is This a...
A total of 2,624,417 shares (9.2%) are subject to cancellation. Based on the closing price on the 6th, this amounts to approximately 379 billion KRW.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
