Samyoung ENC, CEO Hwang Hye-kyung Increases Insider Shareholding... "Confidence in Growth + Strengthening Responsible Management"

[Asia Economy Reporter Hyungsoo Park] Samyoung ENC announced on the 11th that co-CEO Hwang Hye-gyeong purchased 10,600 of the company's shares on the market. The total number of shares held increased to 102,803 shares (1.16%).

Since her appointment in April 2019, Co-CEO Hwang has purchased Samyoung ENC shares on the market four times. Co-CEO Lee Seon-gi, who was also appointed the same year, acquired 105,100 shares last year.

A Samyoung ENC official explained, "This is to strengthen responsible management," and added, "Please interpret this as confidence in the company's growth."

Samyoung ENC is undertaking the world's first long-distance maritime digital communication network construction this year. The company plans to actively distribute e-Navigation ship terminals and ship wireless equipment digital MF/HF, which are currently being mandated for introduction, domestically.

A company representative said, "We hope that the market purchases will be seen by shareholders as confidence in the company's growth," and added, "The results of maritime digital communication network equipment developed over a long period will become visible this year."

Co-CEOs Hwang Hye-gyeong and Lee Seon-gi stated, "We believe the stock price is undervalued because the growth potential and performance improvement of the e-Navigation business this year have not been fully reflected," and said, "As executives, we will lead by example and continue to purchase additional company shares to resolve the undervaluation."

They added, "We will lead the development of new products such as digital MF/HF and e-Navigation ship terminals and actively target the maritime digitalization market led by the International Maritime Organization (IMO) under the United Nations (UN)."

This content was produced with the assistance of AI translation services.