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StarKist parent Dongwon cancels shares to prop up value

Dongwon, the parent company of US-based tuna giant StarKist Co. said it would cancel 22.5% of its shares to improve shareholder value

By Undercurrent News | Jan. 18, 2024 10:08 GMT
Credit: Dongwon F&B
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South Korea's Dongwon Industries, the parent company of major US tuna canner StarKist Co., said it would cancel 22.5% of its outstanding shares to enhance existing shareholder value after a poor 2023, reports Yonhap News Agency. [...]

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