SK Square to Cancel Treasury Shares Worth KRW 43 Billion to Enhance Shareholder Value
SK Square announced on the 22nd that its board of directors has resolved to cancel 34,388 treasury shares worth KRW 43 billion.
The shares scheduled for cancellation represent 0.026% of the total outstanding shares. The cancellation date is set for the 31st of this month.
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The company explained, "This share cancellation is the retirement of treasury shares acquired within the limit of distributable profits, as resolved by the board of directors," adding, "The total number of outstanding shares will decrease, but there will be no reduction in capital."
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