Hyundai Motor Securities President Bae Hyeong-geun said on the 11th that he acquired an additional 6,950 shares of the company's common stock through on-market purchases. The average purchase price was 7,334 won per share, totaling 51 million won. Bae's holdings of Hyundai Motor Securities shares increased to a total of 26,827 shares (0.04% equity).
Bae acquired 11,130 shares of Hyundai Motor Securities in the market just three months after taking office in April of last year. Additionally, during the capital increase of Hyundai Motor Securities held in March of this year, he subscribed to 120% of the allocated amount and acquired an additional 8,747 shares due to proportional allocation. Bae invested a total of about 200 million won over three transactions.
Regarding Bae's additional purchase of company stocks, Hyundai Motor Securities explained, "This shows confidence in the company's long-term growth and enhancement of shareholder value." Hyundai Motor Securities recorded an operating profit of 27.1 billion won in the first quarter of this year (January to March), more than double the amount from the previous year.
Following Bae, key executives at Hyundai Motor Securities are also engaging in stock purchases. Key executives, including Ahn Hyun-joo, head of the Retail Division, Kim Young-no, head of the S&T Division, and Yang Young-geun, head of the CFO (Chief Financial Officer), have recently voluntarily bought company stocks.
Bae stated, "The executives' purchase of company stocks is an expression of trust and responsibility towards the company's management, beyond mere investment aspects," adding that "We will faithfully implement plans to enhance shareholder value and long-term corporate value moving forward."