[Post-IPO] ‘TS Shampoo’ CEO Jang Ki-young’s Family Sells More Shares Riding Hair Loss Theme⑥

[Asia Economy Reporter Jang Hyowon] The family of Jang Gi-young, CEO of TS Trillion, which sells ‘TS Shampoo,’ recently sold shares after the stock price rose due to an alopecia pledge issue. There was no explanation regarding the connection between the alopecia pledge and the company.

Jang Ki-young, CEO of TS Trillion.

According to the Financial Supervisory Service’s electronic disclosure on the 12th, on the 5th, Jang Gi-young’s family members Jang Gi-hoon, Jang Gi-ha, and Jang Yeon-sook sold 1.21 million shares of TS Trillion on the market. This amounted to 1.3% of the total shares, sold off in a single day.

On that day, TS Trillion’s stock price hit the upper limit after Lee Jae-myung, the Democratic Party presidential candidate, announced an alopecia pledge, and TS Shampoo was recognized as a shampoo related to alopecia. The stock price surged from 791 won the previous day to 1,025 won.

The family members sold their shares at the upper limit price of 1,025 won. Jang Gi-hoon sold 400,000 shares, Jang Gi-ha sold 500,000 shares, and Jang Yeon-sook sold 300,000 shares at the upper limit. Jang Yeon-sook also sold 10,000 shares at 934 won.

However, the alopecia pledge announced by Lee Jae-myung involves applying health insurance coverage to alopecia treatments and hair transplants. Since TS Shampoo produced by TS Trillion is not a pharmaceutical product, the relevance is minimal.

Listed companies often issue explanatory disclosures when their stock prices fluctuate sharply due to being linked to ‘theme stocks’ and when the exchange requests an inquiry disclosure. Even without such requests, they sometimes inform investors of related facts through promotions (IR/PR) or announcements.

In the case of TS Trillion, the company regularly distributes press releases for promotion but did not provide any explanation related to the alopecia pledge for shareholder protection. Nevertheless, the family of CEO Jang Gi-young sold shares as soon as the stock price rose.

Previously, in November, the Jang family also sold some shares on the market ahead of the conversion of TS Trillion’s convertible bonds (CB). CBs are bonds that can be converted into shares, which may dilute the value of existing shares as new shares are issued. At that time, the Jang family sold shares at around 940 won per share, but the price continued to decline afterward, falling to around 770 won by the end of last year.

Inquiries to the company regarding this matter received no response.

Meanwhile, TS Trillion recorded cumulative sales of 38 billion won and an operating loss of 4.3 billion won on a consolidated basis as of the end of the third quarter last year. The company’s performance showed a significant gap from the expected results at the time of its listing at the end of 2020, and the stock price also plunged. After the recent alopecia pledge issue, the stock price soared to 1,670 won but has since declined again.

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