PPI is showing strong performance. This is interpreted as being influenced by news that it has been put up for sale in the M&A (mergers and acquisitions) market.
As of 9:35 AM on the 23rd, PPI is trading at 2,365 KRW, up 10.0% compared to the previous day.
According to the financial investment industry, PPI has been in contact with multiple potential buyers since the beginning of this month, exploring external investment attraction or management rights sale. The sale price is reported to be around 20 billion KRW.
PPI was established in 1999 and listed on the KOSDAQ market in 2019. Based on its proprietary technology for planar lightwave circuits (PLC), it supplies PLC optical power distributors. In particular, the optical path module (OPS) is its main product, accounting for 79.66% of total sales as of last year.
It is known that the sluggish performance of its core business has been the background for PPI's investment attraction and sale. PPI recorded sales of 14.4 billion KRW and an operating loss of 3 billion KRW last year. PPI has reportedly stated that regarding the sale, it is possible to proceed with the sale depending on conditions after attracting investment.
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