Dongyang Executives Purchase Treasury Shares as "Responsible Management in Action"

Dongyang, a KOSPI-listed company under the Eugene Group, announced on the 28th that its key executives are purchasing treasury shares as a demonstration of responsible management.

According to Dongyang, CEO Jeong Jinhak and other major executives have been acquiring treasury shares on the open market since last month, reaching a total of 757,126 shares as of the previous day.

The company explained that despite the investment results in Woori Financial Group, investments in global venture capital (VC), and efforts to secure future growth engines such as eco-friendly ready-mixed concrete and artificial intelligence (AI) data centers, the company's value has not been fully reflected in the market. This assessment led to the decision to purchase treasury shares.

Hwang Iseok, an outside director who chairs the board of directors, has also been steadily buying treasury shares since May last year. The company said this move is based on confidence in Dongyang’s corporate value and growth potential.

The company plans to continue acquiring treasury shares in the future. Additionally, Dongyang intends to further accelerate investments and business initiatives aimed at enhancing corporate value, including boosting capital efficiency and expanding its AI data center and eco-friendly ready-mixed concrete businesses.

A Dongyang official stated, "Although our book net asset value exceeds 700 billion won, we believe this is not fully reflected in our current market valuation, which is why our major executives have voluntarily started purchasing treasury shares. We plan to continue buying treasury shares going forward, based on our commitment to responsible management and confidence in our future growth potential."

This content was produced with the assistance of AI translation services.