- "Chairman Seo Jung-jin's move to strengthen responsible management and boost shareholder value"
- Holding company 바카라 카지노 Holdings and 바카라 카지노 Skincure commit to stock purchase of KRW 100 billion and KRW 50 billion, respectively
- Responsible management to continue as company's growth potential and value remain strong
[by Ji, Yong Jun] Chairman Seo Jung-jin of Celltrion has revealed plans to personally acquire treasury stocks worth KRW 50 billion (approximately USD 34.3 million), a move aimed at increasing shareholder value. In addition to his individual investment, the group’s holding company, Celltrion Holdings, and its affiliate, Celltrion Skincure, will also participate in the purchase of treasury stocks valued at KRW 100 billion and KRW 50 billion, respectively.
바카라 카지노 announced on April 9 that Chairman Seo will personally purchase approximately KRW 50 billion worth of the company’s shares on the stock exchange using his own funds. The planned acquisition involves a total of 306,561 shares of 바카라 카지노 stocks.
On the same day, 바카라 카지노 Holdings and 바카라 카지노 Skincure also announced their decision to acquire approximately KRW 100 billion (approximately USD 68.7 million) and KRW 50 billion worth of 바카라 카지노 shares, respectively. According to the ‘Executives and Major Shareholders Specific Securities Transaction Plan Report,’ major shareholders, including Seo, plan to sequentially purchase a total of KRW 200 billion worth of 바카라 카지노 shares beginning on the 9th of next month.
The company stated that Seo’s decision to acquire shares was driven by the view that 바카라 카지노’s stock was excessively undervalued amid recent domestic and global developments. This move reflects the executive leadership’s confidence in the company’s long-term growth potential and their commitment at enhancing shareholder value through proactive measures.
Previously, on April 3, 바카라 카지노 announced its decision to repurchase approximately KRW 100 billion worth of its own shares. Since the beginning of the year, the company has been actively engaged in a share buyback program totaling approximately KRW 350 billion worth. In addition to these repurchases, 바카라 카지노 is also actively pursuing the cancellation of treasury shares. The total value of share repurchases that have been completed or are currently in the process of being cancelled this year has surpassed KRW 800 billion.
바카라 카지노 considers the recent stock market concerns related to the ongoing U.S. tariff issues to be somewhat overstated. The company noted that it has been preparing for potential tariff-related risks since last year, having already established a systematically response plan of short-term and mid- to long-term measures.
In the short term, 바카라 카지노 has transferred over a year’s worth of inventory to the U.S. to mitigate potential disruptions. For the mid- to long-term, the company has completed a collaboration process with a U.S.-based contract development and manufacturing organization (CDMO) and is currently working toward finalizing a decision on securing local production facilities by the end of the year. additionally, 바카라 카지노 stated that its 2025 business plan, announced earlier this year, is progressing as schedule without any setbacks.
“The decision by the company’s top management to repurchase shares reflects their confidence in the company’s growth trajectory and their commitment to reinforcing responsible management, based on the assessment that the current stock price is significantly undervalued relative to its intrinsic value,” a 바카라 카지노 official said. “The growth potential and value of the company’s core businesses remain intact, and we will continue to pursue responsible management practices aimed at preserving corporate value and increasing shareholder value.”