[Asia Economy Reporter Park So-yeon] Jangwon Tech is showing strong performance.
As of 1:36 PM on the 20th, Jangwon Tech is trading at 5,100 KRW on the KOSDAQ market, up 160 KRW (3.24%) from the previous day.
The stock price of Jangwon Tech, which invested in the parking lot site of the Namsan Grand Hyatt Hotel, is interpreted to be strong as speculation arises that the sale of the parking lot site is imminent.
The parking lot site of the Namsan Grand Hyatt Hotel is a residential land located southwest of the hotel, with an area of 8,757㎡ (2,653 pyeong). It consists of a total of 8 parcels.
If the sale is completed, a large-scale inflow of funds is expected, significantly improving the financial soundness of Jangwon Tech, KH Electron, KHE&T, and others, who are major shareholders of Seoul Mirama Limited Company. Large-scale capital gains are also anticipated.
Jangwon Tech was established on January 6, 2000, and was listed on the KOSDAQ market on July 15, 2016, when trading began.
The company mainly operates in the production of exterior and interior materials and assemblies for portable IT devices such as mobile phones, tablet PCs, and laptops using lightweight metal materials.
As a future growth business, it produces medical device parts such as cases for ultrasonic diagnostic devices and heat sinks for automobile headlamps.
With a market capitalization of 97.4 billion KRW, it ranks 971st on the KOSDAQ.
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