[Asia Economy Reporter Park Hyungsoo] The largest shareholder of InscoBi is strengthening responsible management and continuing shareholder-friendly actions.
InscoBi announced on the 2nd that Chairman Yoon Insoo and CEO Koo Jagap, among the management team, purchased 64,800 shares of the company's stock and exercised the convertible bond (CB) put option (call option).
CEO Koo also acquired 31,000 shares of the company's stock last month. They are taking the lead in strengthening responsible management and enhancing shareholder value. Chairman Yoon, as the largest shareholder, decided to exercise the call option to reduce the overhang (potential sell-off volume) burden in the future with a sense of responsibility.
InscoBi plans to actively promote businesses with high growth potential such as secondary batteries this year to increase corporate value. Since 2021, the company has been carrying out government projects in the field of electric bus 'charging communication controllers,' laying the groundwork for entering the BSS (Battery Swapping Station) business. In the future, it plans to focus on achieving tangible results in the secondary battery new business together with its affiliate Cellumed.
A company official explained, "We currently believe that the corporate value is undervalued," adding, "The management's purchase of company shares is intended to reaffirm their growth commitment and strengthen responsible management."
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