[Hot Stock] Meritz Financial Group Hits 52-Week High on News of 500 Billion KRW Treasury Stock Acquisition

Meritz Financial Group's stock price is on the rise. It hit a 52-week high following news of a 500 billion KRW share repurchase.

At 2:02 PM on the 26th, Meritz Financial Group was trading at 98,200 KRW, up 5.36% from the previous day.

The day before, Meritz Financial Group announced that it had signed a trust contract to repurchase its own shares worth 500 billion KRW to enhance shareholder value.

The company stated, "This trust contract is part of the shareholder return policy implementation for the 2024 fiscal year, and the treasury shares acquired through this will be canceled in the future."