EM&I, CEO Gochanghun Accumulates 245,000 Shares... "Undervalued Phase, Full-Scale Growth Next Year"

Organic Light Emitting Diode (OLED) material company EM&I announced on the 31st that CEO Go Chang-hoon acquired a total of 245,000 shares of the company’s stock through additional purchases over two days, from the 26th to the 27th.

The company explained that this share repurchase reflects the belief that EM&I’s corporate value is undervalued, aiming to boost the stock price and demonstrate responsible management. CEO Go has been steadily buying shares on the market over the past three months since August. He plans to continue purchasing additional shares on the market going forward.

Go Chang-hoon, CEO of EM&I, stated, “Thanks to the strong performance of the OLED business division in the second half of the year, an operating profit surplus is expected for this year, and given the bright outlook for the OLED industry, I believe the current market capitalization is significantly undervalued.”

He added, “The new businesses we are pursuing, including the supply of secondary batteries in India and projects related to heavy water, are progressing smoothly,” emphasizing, “With growth across all business divisions in 2024, it will be the first year of EM&I’s leap forward.”

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