Choi Jung-an, Vice Chairman and CEO of Samsung Heavy Industries, disclosed on the 3rd that he purchased 60,000 shares of the company's stock on the open market.
The acquisition price per share was 8,535 KRW, with a total purchase amount of 512.1 million KRW. Vice Chairman Choi was appointed as co-CEO of Samsung Heavy Industries in March last year. Samsung Heavy Industries achieved sales of 8.0094 trillion KRW and an operating profit of 233.3 billion KRW last year, marking a profit for the first time in nine years. At the end of last year, Vice Chairman Choi transitioned to sole CEO.
Samsung Heavy Industries explained that this stock purchase reflects Vice Chairman Choi's confidence in the improvement of business performance and his commitment to responsible management as the sole CEO.
With an increase in the construction of high-priced liquefied natural gas (LNG) carriers and the full-scale commencement of offshore facility construction, Samsung Heavy Industries secured orders worth 3.8 billion USD (approximately 5.1288 trillion KRW) from the beginning of this year through last month, achieving 39% of the annual order target of 9.7 billion USD (13.092 trillion KRW).
The management goals for this year are set at sales of 9.7 trillion KRW and an operating profit of 400 billion KRW.
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