[Alpha Biz=(Chicago) Reporter Kim Jisun] Hoban Group's major executives have purchased Taihan Cable & Solution shares one after another.

Taihan Cable & Solution announced on the 23rd that Hoban Group Chairman Kim Sun-kyu bought 10,000 shares of Taihan Electric Wire.

Earlier last month, Song Jong-min, vice chairman of Taihan Cable & Solution, bought 10,000 shares of his own company. They will also participate in the ongoing paid-in capital increase through this stock purchase.

Taihan Cable & Solution is pushing for a capital increase of 528 billion won to invest in the submarine cable business, a new growth engine, and to secure overseas production facilities such as the United States. Hoban Industrial, the largest shareholder of Taihan Cable & Solution, confirmed the 120% subscription, which is the maximum amount of the allocated shares, through a resolution of the board of directors on the 10th.

 

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