SHINSEGAE INFORMATION & COMMUNICATION Inc. Cancellation of 417,545 treasury shares worth KRW 3.0 billion
SAI summary · Not investment advice
SHINSEGAE INFORMATION & COMMUNICATION Inc. will cancel 417,545 treasury shares (KRW 3.0 billion, 3.0% of shares) on October 30.
Cancellation amount
KRW 3.0 billion
417,545 common shares · book value of treasury shares
Key facts
- Shares to cancel (common)
- 417,545 shares
- Total shares outstanding (common)
- 13,980,900 shares
- Cancellation ratio
- 3.0%Calculated by HeyHolder: shares to cancel ÷ shares outstanding
- Acquisition method
- Treasury shares already held
- Cancellation date
- Oct 30, 2026May change after consultation with relevant authorities
- Board resolution date
- Oct 16, 2026
Commentary
AI commentary · Not investment advice
What happened
SHINSEGAE I&C will cancel 417,545 treasury shares (its own shares that it holds). The cancellation amount is KRW 3.0 billion, based on book value on the board resolution date. The company said the purpose is to raise corporate value and return value to shareholders.
In the company's terms
The company has 13,980,900 shares outstanding. The shares to cancel are 3.0% of that (calculated by HeyHolder). Because the shares were bought with distributable profits, share capital does not decrease.
What changes for shareholders
The cancellation is scheduled for October 30. The company said the date may change after consulting relevant authorities.
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