[Edaily Reporter Park Jeong-soo] #Seobu T&D announced on the 10th that it has decided to cancel 650,000 common shares from its previously acquired treasury stock. The estimated value of the shares to be canceled is 4.54405 billion won, and the cancellation is scheduled for the 18th. The company explained, “Since we are canceling treasury stock acquired within the scope of distributable profits pursuant to a board resolution, there will be no reduction in capital.”
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Seobu T&D Decides to Cancel 650,000 Shares of Treasury Stock
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