Meritz Financial Group used to cancel repurchased shares the moment a buyback trust closed; the August 28 filing says it will now batch cancellations once a year, around March.
Meritz Financial Group is grouped with Korea's bank holding companies on most screens, but it owns no bank at all — earnings come from a P&C insurer and a brokerage.
Meritz Financial Group closed a 700bn won buyback trust five months early on August 28 because it was spent, then signed a fresh 500bn won contract the same day.
| Symbol | Last Price |
|---|---|
| 105560KB Financial Group Inc. | ₩172,000 -3.3% |
| 055550Shinhan Financial Group Co., Ltd. | ₩110,300 -3.7% |
| 086790Hana Financial Group Inc. | ₩134,300 -3.7% |
| 316140Woori Financial Group Inc. | ₩33,200 -4.2% |
| 024110Industrial Bank of Korea | ₩20,700 -2.1% |
| 323410KakaoBank Corp. | ₩21,950 +0.7% |
| 279570Kbank | ₩5,600 +0.5% |