Jaeyoung Solutec: Largest Shareholder Jaeyoung Itech Purchases Its Own Shares on the Open Market

Jaeyoung Itech, the largest shareholder of Jaeyoung Solutec, purchased 59,688 shares of its own stock on the open market.

According to Jaeyoung Solutec on August 19, this acquisition increases Jaeyoung Itech's total holdings to 1,916,933 shares, raising its ownership stake to approximately 8.2%. The combined stake of the largest shareholder and related parties is about 14.52%.

This open market purchase was carried out to demonstrate responsible management and strengthen management rights, reflecting the assessment that the company's market value is not being fully recognized by the market despite recent improvement in operating results and future growth potential.

In the first half of the year, Jaeyoung Solutec recorded consolidated sales of 107 billion won and operating profit of 17.1 billion won. The company achieved higher operating profit in just half a year than the full-year figure for last year, which was 10.7 billion won. This strong performance is the result of visible effects from expanding production lines and establishing automated facilities through proactive investments totaling 100 billion won over the past five years.

A Jaeyoung Solutec representative stated, "The increase in Jaeyoung Itech's shareholding reflects a commitment to strengthening management rights and practicing responsible management," adding, "The strong results confirmed in the first half and confidence in future growth prospects also influenced the decision to buy shares on the open market."

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