TBH Global, Major Shareholder and Key Executives Acquire Shares... "Confidence in Value-Up and Performance Growth"

Affiliated companies of TBH Global's largest shareholder, as well as core executives, have been purchasing company shares in succession, signaling their confidence in enhancing shareholder value and the company’s future growth.

According to the Financial Supervisory Service’s electronic disclosure system on March 6, affiliated companies of TBH Global’s largest shareholder and its executives recently acquired a total of about 78,000 shares of the company. This includes 73,000 shares by Geumgang Leisure Industry and 5,000 shares by Executive Director Jang Yunseok of TBH Global. The total value of these acquisitions is approximately 150 million won, representing about 0.37% of the company’s outstanding shares.

The company stated that this share acquisition demonstrates both a commitment to shareholder value and responsible management, while also reflecting their confidence in strengthening fundamentals based on performance and the company’s future business outlook.

TBH Global recorded sales of 182.4 billion won last year, a 2.2% increase compared to the previous year. Although operating profit declined slightly, the company still posted a surplus of 3.1 billion won. The company explained that this was the result of aggressive restructuring efforts to improve profitability last year. During the same period, it succeeded in turning to a net profit of 1.5 billion won.

Based on last year’s performance, the company plans to actively pursue sales growth and profitability improvement starting this year.

TBH Global has also been actively strengthening its shareholder return policy recently. On February 13, the company decided to pay a cash dividend of 50 won per share, and on February 20, announced the cancellation of treasury shares worth 500 million won. On the same day, it also signed a contract to acquire additional treasury shares worth 5 billion won.

An official from TBH Global stated, “In the course of preparing this year’s business plan, an executive acquired shares through on-market purchases as a demonstration of confidence in the company’s future growth and responsible management.” The official added, “It is believed that the affiliated company of the largest shareholder also purchased shares, seeing the company’s future vision at the currently undervalued share price.”

The official continued, “We expect the results of the various efforts the company has prepared so far to become visible this year. Going forward, we will continue to strengthen our shareholder return policy in line with the government’s capital market advancement and value-up policies, and strive to ensure the company’s value is reassessed.”

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