[Alpha Biz=(Chicago) Reporter Paul Lee] Shinhan Financial Group Chairman Jin Ok-dong bought treasury stocks worth KRW 170 million.

According to the Financial Supervisory Service's electronic disclosure system on the 23rd, Chairman Jin bought 5,000 shares of Shinhan Financial Group in the market for 34,350 won per share. The total purchase amount is 171.75 million won.

With this purchase, Chairman Jin's Shinhan Financial shares increased from 13,937 shares to 18,937 shares.

Regarding the background of Jin's additional purchase of treasury shares, an official at Shinhan Financial Group said, "It appears to have expressed his willingness to boost stock prices and enhance shareholder value."

 

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