Executives at education content platform corporations Digital Daesung are moving to buy company shares in succession, signaling their intent to enhance corporate value.
On the 21st, according to the Financial Supervisory Service's electronic disclosure system, Digital Daesung CEO Kim Hee-seon recently bought 12,616 company shares on the open market. Earlier, in Jan., CEO Kim also acquired 40,288 shares. The cumulative purchases total 52,904 shares, about 4.088 billion won.
Along with this, Vice Chair Kim In-gyu and Executive Vice President Lee Don-gu have also continued buying company shares since late Dec. last year. The total purchases are 187,580 shares, about 1.54378 billion won based on the previous day's closing price.
Digital Daesung says the current share price is undervalued, failing to fully reflect this year's results and mid- to long-term growth potential. It said the executives' purchases directly convey the management's conviction to the market.
Digital Daesung CEO Kim Hee-seon said, "The successive purchases of company shares by the executives express our intent to boost the share price and enhance shareholder value, based on the judgment that the current price is excessively undervalued relative to corporate value," adding, "This year, in addition to top-line growth, we will deliver profit growth that exceeds that, showing results that surpass the market's expectations."