[Asia Economy Reporter Kwon Jaehee] Shinhan Financial Group disclosed on the 6th that, regarding a media report about 'considering additional treasury stock purchases,' the company decided at today's board meeting to acquire and cancel treasury stock worth 150 billion KRW to enhance shareholder value.
Below are the major disclosures released this afternoon.
▲ Shinhan Financial Group = Shinhan Financial Group announced on the 6th that it will pay a dividend of 400 KRW per share. The dividend yield is 1.1% for common stock, and the total dividend amount is 212.1 billion KRW.
▲ Shinhan Financial Group = Announced on the 6th that it decided to cancel treasury stock worth 150 billion KRW. The acquisition method is open market purchase, scheduled from October 7, 2022, to January 6, 2023.
Daewoo Parts ▲ = Daewoo Parts announced on the 6th that it was selected as a supplier of electric vehicle PTC heaters for one electric vehicle model of Hyundai Motor and Kia. The supply is expected to start in 2024, with estimated sales of 33.4 billion KRW.
▲ Eugene Corporation = Announced on the 6th that it decided to enter into a trust contract for acquiring treasury stock worth 5 billion KRW. The company explained that this is to stabilize shareholders and enhance shareholder value.
▲ Sangji Kailum = Announced on the 6th that it decided to conduct a third-party allotment paid-in capital increase worth 7 billion KRW to Klaus Holdings. The newly issued shares are 10,989,010 common shares, with a new share issuance price of 637 KRW. The expected listing date is December 9.
▲ Seoul Semiconductor = Announced on the 6th that it will hold an investor relations (IR) meeting for institutional investors and analysts on November 10.
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