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The heads of financial groups and banks are rushing to increase holdings of their firm's stocks in a collective effort to boost share prices to maximize shareholder returns, market watchers said Friday. Buying back stocks reduces the number of total outstanding issues, raising dividends per share.
Hana Financial Group and KB Financial Group made the 2023 members list of the Carbon Management Honors Club compiled by the Carbon Disclosure Project (CDP), the two said Tuesday. Hana made the list for the fourth consecutive year.
KB Financial Group shareholders passed a motion to appoint Yang Jong-hee as the new group chair, Friday, with an overwhelming 97.52 percent approval rate.
Institutional Shareholder Services (ISS) and Glass Lewis, the world’s two leading proxy advisories, have recommended that investors approve the appointment of Yang Jong-hee as the new chair of KB Financial Group, according to market watchers, Monday.