Genolution Co-CEO Min Kim Announces Treasury Share Purchase Plan
Min Kim, Co-CEO of Genolution, announced a 'Transaction Plan for Executives and Major Shareholders of Specific Securities' on August 13 for the purpose of purchasing treasury shares.
According to Genolution on August 18, the additional amount planned for purchase under this disclosure is approximately 200 million won, which, based on the previous day's closing price, equates to about 138,408 shares.
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Beginning early this year, CEO Kim has persistently purchased treasury shares in the market as part of a commitment to responsible management, with cumulative purchases already reaching approximately 147,000 shares. This continues the management's consistent stance on treasury stock acquisition, stemming from the firm belief that the current share price is deeply undervalued relative to the company's intrinsic value and future growth potential. The treasury share purchase will begin on September 14.
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