HPSP's stock price is on the rise. It appears that buying demand surged following news that Crescendo Equity Partners, a domestic private equity fund (PEF) manager and the largest shareholder, is pushing for a sale.
As of 9:58 a.m. on the 6th, HPSP is trading at 37,200 KRW, up 9.73% from the previous day.
HPSP, established in 2017, is a manufacturer of high-pressure hydrogen annealing equipment in the semiconductor sector and was listed on the KOSDAQ market in July 2022.
According to the financial investment industry, Crescendo distributed a teaser letter the day before to sell its 40.9% stake, including management rights. Considering a management premium on the current stock price, the company's value is estimated to be over 4 trillion KRW, with the sale price expected to be 2 trillion KRW.
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