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Samsung Card to buy back 253.6b won worth of its own shares

18_39620655 - 24_08_2016 - SAMSUNG-ELEC-TENCENT-HOLDINGS-STOCKS.jpg
South Korean credit card company Samsung Card Co Ltd said on Wednesday it planned to buy back 253.6 billion won (S$308.9 million) worth of its own shares, to boost shareholder value.

[SEOUL] South Korean credit card company Samsung Card Co Ltd said on Wednesday it planned to buy back 253.6 billion won (S$308.9 million) worth of its own shares, to boost shareholder value.

In a regulatory filing, the company said it planned to buy back 5.79 million of its own shares between Sept 1 and Nov 30.

REUTERS