[Edaily Reporter Kim Kyung-eun ] A Plus Asset(244920)is trading higher in early trading on the 6th. This is interpreted as reflecting expectations that a friendly stake will be consolidated following on-market purchases by Park Kyung-soon, Vice Chairman of A Plus Asset.

According to MP Doctor, as of 9:24 a.m. today, A Plus Asset is trading at 12,990 won, up 700 won (5.70%) from the previous trading day.

After the market closed the previous day, A Plus Asset disclosed that Vice Chairman Park had purchased 3,660 common shares on the open market. As a result, Vice Chairman Park’s holdings increased from 80,000 shares to 83,660 shares.

The scale of this purchase is relatively small, representing 0.02% of the total issued shares. However, the combined stake held by the largest shareholder and related parties has increased to 29.80%.

Amid Align Partners Asset Management’s ongoing activist campaign against A Plus Asset, the market is interpreting this share purchase as a signal of a rally among friendly shareholders. Align’s stake stands at 20.88%.

Meanwhile, A Plus Asset announced that at a board meeting held on the 14th of last month, it decided to repurchase its own shares totaling 7 billion won. The number of shares to be acquired is 647,548, based on the previous day’s closing price. The repurchase will be conducted via on-market purchases through a trust agreement, with the contract period running until January 13 of next year.