Shinhan Financial Group (KRX:055550) plans to buy back 6.7 million common shares worth 700 billion won to enhance shareholder value, according to a bourse filing on Thursday.
The share repurchase will take place from July 31 to Oct. 22, the filing said.
Shares of Shinhan Financial Group fell nearly 1% at market close.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.