POSCO (PKX) has released an update.
POSCO Holdings Inc. announces a strategic initiative to enhance shareholder value through a treasury share buyback and cancellation plan. The company will cancel 6% of outstanding shares over the next three years and will also buyback and cancel treasury shares worth KRW 100 billion in 2024. These moves are aimed at immediate cancellation of shares purchased from the market, with the exception of those allocated for employees, and are subject to change based on market conditions and Board approval.
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