Deutsche Motors Acquires 1 Million Treasury Shares to "Enhance Shareholder Value"

Deutsche Motors, a comprehensive automotive platform company, held a board meeting on the 25th and decided to directly acquire 1 million treasury shares to stabilize the stock price and enhance shareholder value. The acquisition period will be approximately three months, from the 26th of this month to December 26th.

A company representative explained, “The corporate value has long been undervalued compared to the stable business structure and future growth potential established in the domestic automotive distribution market,” adding, “We will actively promote trading by officially conducting treasury stock purchases on the market and strive to improve shareholder value.”

Deutsche Motors surpassed 1 trillion KRW in consolidated sales in the first half of this year, signaling a record high annual performance. On the profit side, with strong performance expected due to the new car launch momentum of its main BMW brand and stable sales of various multi-brands, financial indicators are expected to improve further.

Deutsche Motors, which has been prominent in the used car trading platform market through Suwon’s Deutsche Autoworld and the online platform Charancha, completed the acquisition of Busan Sajik Autoland last month. Having successfully expanded its offline bases, the company expects greater synergy with its existing group affiliates.

Kwon Hyuk-min, CEO of Deutsche Motors, said, “We have long accumulated know-how in the automotive distribution sector and built a solid business structure through vertical integration, making recent profitability enhancement a core management focus,” adding, “We will continue to consider ways to increase shareholder value, including maintaining a stable dividend policy.”

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