Kim Seungjae, CEO of Jaeyoung Solutec, a company specializing in camera actuators, has once again purchased shares of his own company on the open market, reaffirming his commitment to responsible management and his determination to address the company's undervaluation.
On September 16, Jaeyoung Solutec announced that CEO Kim had acquired 101,045 shares of the company through open market purchases.
CEO Kim has continued to buy shares on the open market five times this year. He acquired 130,000 shares in April, 160,000 shares in May, 120,000 shares in July, and 120,000 shares in August, bringing his total new acquisitions this year to 640,000 shares.
The company explained that this decision was made to strengthen responsible management and because it believes the company's stock is undervalued relative to its fundamentals. Jaeyoung Solutec continues to grow steadily, driven by expanding its market share among clients and increasing sales of high value-added product lines.
A Jaeyoung Solutec representative stated, "Despite uncertain internal and external environments, we are continuing proactive investments in facilities and technology development. We are steadily increasing our stake in the company because we believe the stock is undervalued, even though our performance and fundamentals remain solid."
The representative added, "As the largest shareholder and CEO, I will continue to strengthen responsible management and enhance shareholder value, as well as reinforce management control, by further increasing my stake in the company."
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