 |
Shinsegae International Cheongdam office. (Photo = Shinsegae International) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Shinsegae International held a board meeting on the 20th and announced that it decided to acquire 1,071,000 treasury shares in the market for 17 billion won. The purpose of acquisition is to enhance shareholder value by stabilizing stock prices. The expected acquisition period is from the 21st to June 20th.
Also, Shinsegae International held the 28th annual shareholders' meeting on the same day and announced that it would strengthen its competitiveness by improving its business structure based on efficiency.
Shinsegae International laid the foundation for growth by investing in infrastructure and e-commerce last year. The transaction amount (GMV) of SI Village, its own digital platform, grew 22% year-on-year and the unit price was 620,000 won.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
