Koo Ja-gap, CEO of InscoBee, "Will Enhance Corporate Value through Asset Sales and Share Buybacks"

On the 2nd, Koo Ja-gap, CEO of InscoBee, announced a shareholder letter titled "Measures for Financial Structure Improvement and Shareholder Benefits." The main point is to enhance corporate value through partial sale of investment assets and repurchase of company shares by major shareholders.

At the beginning of the shareholder letter, CEO Koo explained, "The company currently faces an imminent repayment deadline of 10.8 billion KRW for convertible bonds on August 5th, raising concerns among the market and shareholders about the repayment," and added, "To address this, the company is pursuing various measures to improve the financial structure and strengthen management stability."

CEO Koo stated, "First, we will proceed with bond repayment through the partial sale of investment assets," and noted, "The company holds highly liquid investment assets, and discussions are underway to sell these assets for the purpose of repaying the aforementioned bond amount."

He continued, "These investment assets can be utilized to improve the company's cash liquidity through their sale," emphasizing, "By resolving financial risks based on asset sales, we will also focus more on core business activities."

He also announced plans to repurchase company shares to enhance shareholder value and stabilize management control. CEO Koo said, "The company and major shareholders intend to stabilize corporate value through market repurchase of company shares while securing management stability by acquiring additional shares," adding, "These measures can play a significant role in enhancing shareholder and corporate value."

At the end of the letter, CEO Koo emphasized, "Going forward, the company will do its best to improve financial conditions and promote company growth by focusing on core businesses so that shareholders have no concerns."

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