Tapco, Additional Acquisition of Tapco Media Shares... Increased Expectations for Japan Business
[Asia Economy Reporter Jang Hyowon] Topco Media announced on the 30th that Topco, its second largest shareholder, additionally purchased 62,820 shares on the market from the 24th to the 27th. With this additional acquisition, Topco's shareholding increased to 1,225,000 shares.
Recently, the market has seen technology stocks experience a short-term sharp decline due to inflation caused by the prolonged Ukraine-Russia war and U.S. interest rate hikes, leading to observations of bargain buying.
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A company official stated, "This year, Topco Media is expected to improve its performance, including turning a profit, following the acquisition of its Japanese distribution business."
This content was produced with the assistance of AI translation services.
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