Topco, Additional On-Book Buying by Topco Media
[Asia Economy Reporter Jang Hyowon] Topcomedia announced on the 24th that its second largest shareholder, Topco, additionally purchased 49,000 shares on the market from the 15th to the 23rd. This is an additional market purchase following the acquisition of 62,820 shares in May. In April, Vice President Kim Kyungsoo also made market purchases. With this additional acquisition, Topco's holdings increased to 1,304,000 shares.
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Vice President Kim Kyungsoo stated, “Due to interest rate hikes to curb inflation, panic selling has occurred in the market, and I believe the stock price decline is excessive. Once inflation stabilizes, the quality stocks will be distinguished.”
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