 |
(Photo=L&F) |
[Alpha Biz= Reporter Kim Sangjin] Huh Jae-hong, Chairman of L&F's board of directors, has announced plans to purchase ₩1 billion worth of L&F shares as part of an effort to boost shareholder value and demonstrate responsible management.
Starting from September 2024, Huh will buy L&F shares over a period of 10 months, signaling a strong commitment to long-term shareholder value and responsible corporate governance.
On September 13, L&F disclosed that Huh had purchased 1,210 shares worth ₩103.09 million, increasing his total holdings from 720,326 shares to 721,536 shares. Huh intends to continue purchasing shares amounting to ₩1 billion by June 2025.
This decision follows a year of share purchases by L&F CEO Choi Su-an, reflecting the management's ongoing commitment to responsible governance through continued share buybacks.
L&F stated that the decision is intended to address the recent sharp decline in the company's value due to uncertainties in the secondary battery industry, and it aims to ensure that responsible management efforts are sustained rather than being a one-time action.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
