(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] Hanjin CEO Cho Hyun-min, the third-generation owner of Hanjin Group, bought additional shares of his company in a year and four months.

Cho, who is currently in charge of Hanjin's marketing and digital platform business, holds the largest number of treasury shares among related parties, including his brother, Hanjin Group Chairman Cho Won-tae (0.03 percent stake).

According to the Financial Supervisory Service's electronic disclosure system on the 26th, Cho recently bought 10,206 shares (0.07%) of his own shares in the market. As a result, Hanjin's shares held by Cho totaled 19,587 shares (0.13%).

Cho purchased treasury stocks in the market for three consecutive days from 18th to 20th. It bought 2,500 shares on the 18th and 6,000 and 1,706 shares on the 19th and 20th, respectively. The purchase price of these stocks is estimated to be between 19,331 won and 20,012 won per share, with the total purchase amount estimated at about 200 million won.

Cho also bought about 4,572 shares of his own company in February last year. At that time, the stock price was 21,000 won, and the purchase amount was about 100 million won.

Hanjin shares, which exceeded 27,000 won at the beginning of the year, broke the 20,000 won mark as they walked downhill throughout the first half. Recently, stock prices have fluctuated around 19,000 won. Poor performance in the first quarter is fueling the decline in stock prices.

 

 

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