Vector, a company specializing in digital signage, announced on June 5 that even after the six-month lock-up period for the largest shareholder's stake expires on June 16, there are no plans to sell any shares.
Yoo Changsoo, CEO of Vector, stated, "Given the company's intrinsic value and its potential for mid- to long-term growth, there are currently no plans whatsoever to sell any shares," adding, "We will focus on enhancing shareholder value by practicing responsible management and strengthening our growth engines."
At the time of its listing, the company disclosed a six-month lock-up on CEO Yoo's holdings as the largest shareholder. Yoo currently holds approximately 8.42 million shares, representing a 61.4% stake.
Vector is accelerating its expansion in both domestic and international markets, focusing on its core businesses such as digital signage and artificial intelligence (AI)-based smart learning devices. Recently, the company signed a memorandum of understanding (MOU) with Simplatform to strengthen technological cooperation in the AI smart learning sector, and entered into an MOU with Miso Information Technology for joint development of extended reality (XR)-based solutions. With the launch of the digital indoor activity device 'Motionmaru,' Vector is also preparing to enter the public procurement market to address the needs of an aging society.
A Vector representative commented, "Contrary to concerns from some investors, the largest shareholder remains firmly committed to retaining their stake even after the lock-up period ends," adding, "We will continue to do our utmost to eliminate undervaluation and enhance shareholder value by expanding performance in our core businesses and discovering new growth engines, all based on trust with the market and investors."
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