LG Chem and Poongsan Holdings to cancel own shares worth 300 bn and 8 bn won
Reuters reports LG Chem will cancel own shares worth 300 billion won and Poongsan Holdings 8 billion won, both announced on October 28, 2026.
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what happened
LG Chem Ltd said it will cancel own shares worth 300 billion won. Poongsan Holdings Corp separately announced the cancellation of its own shares worth 8 billion won.
Reuters published both announcements on October 28, 2026. The reports do not specify the number of shares or the timing of the operations.
why it matters
Cancelling treasury shares reduces the total number of shares outstanding, which raises the stake of remaining shareholders. The amount is larger for LG Chem, but both moves are routine corporate actions with limited market impact.
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sources
- LG Chem Ltd To Cancel 300 Billion Won Worth Own Shares — Reuters, 28 October 2026 at 07:20 UTC
- Poongsan Holdings To Cancel 8 Billion Won Worth Of Own Shares — Reuters, 28 October 2026 at 09:01 UTC
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