[Featured Stock] Lindeman Asia Surges Double Digits Again on the 25th Following Limit-Up on the 24th

Double-Digit Surge on the 25th Following Limit-Up on the 24th
Blockchain of Invested Company to Be Listed in Q2

Lindemann Asia is showing strong performance. Following the upper limit price on the 24th, it continues to exhibit double-digit gains on the 25th. This is interpreted as being influenced by news that a company previously invested in is listing its virtual assets on domestic and international exchanges.

As of 9:16 AM on the 25th, Lindemann Asia is trading at 7,200 KRW, up 13.74% (870 KRW) from the previous day. After rising 29.98% to close at 6,330 KRW on the 24th, Lindemann Asia continued to climb immediately after the market opened on the 25th.

The previous day, Wayne Hills Briant AI announced that its blockchain, 'Wayne Hills Block,' developed by the company, is scheduled to be listed on domestic and international exchanges during the second quarter. This virtual asset, designed as part of a reward system for AI content creators and traffic attractors, will have 21 million units issued. Lindemann Asia participated in the Series A round investment of the startup Wayne Hills Ventures in 2021. The following year, Wayne Hills Ventures changed its name to Wayne Hills Briant AI ahead of its global expansion.

Lindemann Asia, a venture capital (VC) and private equity fund (PEF) management company, reported sales of 9.7 billion KRW and an operating profit of 3.4 billion KRW last year. At the end of last year, its assets under management (AUM) totaled 937.8 billion KRW. The venture fund AUM was 318.3 billion KRW, and the private equity fund was 619.5 billion KRW, with a ratio of approximately 1 to 2.