Com2uS said on the 14th that Chief Executive Nam Jae-gwan bought 10,100 shares of the company on the market.
The purchase amounts to about 3 billion won. Nam also bought 2,400 shares in Mar. last year for about 1 billion won, and with the additional purchase, the total number of shares held rose to 12,500. As a result, Nam's equity stake increased to 0.1%.
Com2uS also said that, aside from Nam, six executives additionally acquired a total of 3,110 shares in company stock.
Com2uS released a plan on Jan. 5 to cancel treasury shares equivalent to 5.1% of the total number of shares outstanding. The company said the purchase of treasury shares by the chief executive and executives was intended to signal to the market a commitment to boosting shareholder value and responsible management.
A Com2uS official said, "Following the announcement of the treasury share cancellation, we expressed our commitment to responsible management through the purchase of treasury shares by the chief executive and executives," adding, "We will do our best to enhance corporations value and competitiveness."