Shinhwa Financial Group Terminates Treasury Stock Trust, Plans to Cancel 5.2 Million Shares
The company terminated its treasury stock acquisition trust contract with NH Investment & Securities upon contract expiration.
The 5,204,122 shares held under the trust will be returned and subsequently canceled, reducing outstanding shares by approximately 1.1%.
This cancellation enhances shareholder value and reflects ongoing capital management focus.
[AI Summary]Shinhwa Financial Group terminated a buyback trust and will cancel 5.2 million shares, a positive capital allocation move that boosts shareholder returns without dilution risk.
KOSPI Filing Information
Report on Major Matters (Decision on Termination of Trust Agreement for Acquisition of Treasury Shares)