[Edaily Reporter Park Jung-Soo ] The largest shareholder and key executives of SHINSUNG E&G(011930)have been making a series of on-market purchases. Amid growing expectations for a second-quarter earnings turnaround, coupled with news of new orders, key executives—including the CEO—have been steadily buying back company shares since last month, demonstrating their confidence in the company’s medium- to long-term growth potential and their commitment to enhancing shareholder value.

According to the Financial Supervisory Service’s electronic disclosure system on the 7th, SHINSUNG E&G CEO Lee Ji-sun has been steadily buying company stock in five separate transactions since June 22 and currently holds a total of 1,675,021 shares (an 8.25% stake).
President Kim Yeon-mo also purchased company shares on two occasions, on June 11 and 26, while Executive Vice President Lee Seung-hwan bought shares on June 16. Senior Managing Director Kim Tae-hyung has also been steadily buying shares on three occasions between June 5 and 11, indicating a widespread trend of share purchases among the executive team.
The management’s share purchases are bolstered by order wins that support expectations for improved performance. SHINSUNG E&G’s order backlog as of the end of June was recorded at approximately 410 billion won, which analysts say is serving as a foundation for stable revenue growth.
In particular, last month, the company signed a single sales and supply contract with Wavice Inc., securing a new order worth approximately 10.05 billion won for cleanroom and utility facility construction. Wavice Inc. is a manufacturer of semiconductor chips, components, and modules, and this contract is expected to directly contribute to future earnings in tandem with the recovery of the semiconductor market. Furthermore, with the successful conclusion of the contract for SK hynix’s Indiana project in the U.S., expectations are rising that the company will benefit from expanding global semiconductor investment.
A SHINSUNG E&G official stated, “The purchase of company shares by the CEO and other executives, along with a series of new orders such as those from Wavice Inc. and SK hynix’s Indiana project, demonstrate the company’s direction in terms of both shareholder value and performance,” adding “Following the cancellation of treasury shares last May and the announcement of our corporate value enhancement plan in April, we plan to unveil specific details through a ‘Value-Up’ disclosure this August. We will continue to repay the trust placed in us with tangible shareholder returns,” the official added.