bullish
Hyundai Motor Group Becomes the Largest Shareholder of KT Corp
627 Views02 Apr 2024 22:51
Hyundai Motor Group has become the largest shareholder of KT Corp, as the National Pension Service has recently reduced its stake in KT from 8.53% previously to 7.51%.
Boomeranged on Fri, 10 May 2024 04:23
On 9 May, KT Corp (030200 KS) announced that it will cancel 5.1 million treasury shares (about 2% of outstanding shares), representing approximately 180 billion won. This is likely to have a positive impact on KT's shares. This share cancellation is part of the company's promise to use 50% of of its adjusted net profit for cash dividends and treasury shares cancellation.
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