Choi Joo-sun, CEO of Samsung SDI, announced on the 20th that he has purchased company shares valued at approximately 190 million won.
On the 19th, when he was officially appointed as CEO through a regular shareholders' meeting and a board of directors meeting, Choi purchased 1,000 shares of treasury stock on the market. The acquisition price was 191,500 won per share, totaling 191.5 million won.
Samsung SDI explained that this treasury stock purchase demonstrates the CEO’s commitment to responsible management and enhancing shareholder value. The company plans to continue its efforts to secure medium- to long-term growth.
Given that it recently announced a capital increase plan of around 2 trillion won and significant facility investments, it is interpreted as showing confidence in future growth potential based on differentiated technology.
Samsung SDI held a board meeting on the 14th and resolved a capital increase of 2 trillion won. The funds raised will be used for investments in joint ventures with General Motors (GM) in the U.S., expanding production capacity at its Hungary plant, and investing in solid-state battery production lines.
The Financial Supervisory Service has selected Samsung SDI as the first subject for priority review of its capital increase and will focus on assessing measures to protect shareholder value. After the shareholders' meeting concluded the previous day, Choi noted, “I will ensure that we explain the purpose of the capital increase well to the authorities.”