SY Co-major Representative Kim Okju, Major Shareholder, Acquires Treasury Shares to Stabilize Stock Price
[Asia Economy Reporter Jang Hyowon] Kim Okju, co-CEO and major shareholder of SY, acquired treasury shares worth 342.78 million KRW.
According to the Financial Supervisory Service's electronic disclosure on the 17th, CEO Kim Okju purchased 111,763 shares at 3,067 KRW per share on the market.
According to the company, CEO Kim perceived SY's current stock price as undervalued and purchased treasury shares to stabilize the stock price. After acquiring the treasury shares, CEO Kim's stake is 5.33%.
Meanwhile, SY's sales in the first quarter of this year amounted to 116.69 billion KRW. This is an increase of about 44.4 billion KRW compared to the sales of 72.21 billion KRW in the same period last year. In percentage terms, it grew by 61%.
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A company official forecasted, "SY's performance in the 2nd, 3rd, and 4th quarters will also be solid."
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