Hanchang is showing strong momentum. It is interpreted that the news of KOSDAQ-listed company Gwangmu participating in a 9 billion KRW paid-in capital increase had an impact.
As of 1:58 PM on the 30th, Hanchang is trading at 902 KRW, up 22.72% compared to the previous day.
Hanchang announced the day before that it would proceed with a third-party allotment paid-in capital increase worth 9 billion KRW. The price per share was set at 660 KRW, a 9.3% discount compared to the reference stock price. The payment date is April 20.
The payment recipient is Asher Corporation. The 100% largest shareholder of Asher Corporation is Gwangmu. Since last year, Gwangmu has been engaged in the secondary battery materials business. Thanks to this, sales have increased significantly and operating profit has turned positive.
If this capital increase is paid, Asher Corporation will receive 13,636,364 shares of Hanchang, potentially changing the largest shareholder.
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