KB Financial Group (KB) plans KRW 659.9B cancellation of 5.56M treasury shares
Rhea-AI Filing Summary
KB Financial Group Inc. plans to cancel 5,564,253 common shares of its own stock that it holds as treasury shares. The estimated value of the shares to be cancelled is KRW 659,999,903,600, calculated based on their book value as of the report date.
The cancellation is based on Article 343-1 of the Commercial Code of Korea and involves treasury shares acquired within the limits of profits available for dividends. After the cancellation, the total number of issued common shares will decrease, but paid-in capital will remain unchanged. The scheduled cancellation date is January 15, 2026, which may change depending on consultations with the relevant authorities.
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Insights
KB Financial Group is cancelling over 5.5 million treasury shares without reducing paid-in capital.
KB Financial Group Inc. plans to cancel 5,564,253 common shares of treasury stock with an estimated book value of
The filing notes that the total number of issued common shares will decline, while paid-in capital will stay the same. This means the capital structure changes through a lower share count rather than a reduction of stated capital. The scheduled cancellation date is