[Asia Economy Reporter Jang Hyowon] InscoBi announced on the 18th that CEO Gu Jagap purchased 31,000 shares on the open market. As a result, the total number of InscoBi shares held by CEO Gu increased to 529,950 shares.
CEO Gu Jagap decided to purchase shares on the open market as part of responsible management in response to the decline in InscoBi's stock price, aiming to enhance shareholder value and corporate value. He particularly emphasized that the company's future growth momentum remains strong as it promotes the secondary battery swap service (BSS) business.
InscoBi, which has accumulated technology and know-how through years of KEPCO AMI projects, has been carrying out a government project since 2021 in the field of 'charging communication controllers' for electric buses. Based on this, its affiliate Cellumed plans to secure a leading position in the secondary battery market by participating in the replaceable battery platform business related to secondary batteries promoted with BYD (Biyadi).
A company official stated, "We believe that the current corporate value is sufficiently undervalued due to the continued decline in the domestic stock market regardless of the company's intrinsic value," and added, "This treasury stock acquisition not only demonstrates our commitment to responsible management but also externally shows confidence in new businesses such as secondary batteries."
He continued, "This year, based on visible achievements, we will actively communicate with investors and make every effort to enhance shareholder value."
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