US EditionLg Electronics to Burn 761,427 Shares of Its Own Stock by the End of This Month… Valued at 60.2 Billion Won
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[Digital Daily Reporter Ok Song-i] LG Electronics has decided to burn its own shares for the first time since its founding. LG Electronics announced on the 24th that it will burn all 761,427 shares of its own common stock acquired within the scope of distributable profits by the end of this month. This is equivalent to 0.5% of the total number of common stocks issued. The planned burn amount is KRW 60.2 billion based on the closing price on the …
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