[Market Focus] Samji Electronics Hits Record High on News of 15 Billion Won Treasury Share Trust Contract

Samji Electronics is showing strong performance in early trading.

As of 9:03 a.m. on January 5, Samji Electronics was trading at 16,000 won, up 8.92% (1,310 won) from the previous trading day. During the session, the price reached as high as 16,040 won, setting a new 52-week high.

The surge in investor sentiment is attributed to the company's announcement on January 2 that it had signed a trust contract to acquire 15 billion won worth of treasury shares in an effort to enhance shareholder value.

NH Investment & Securities is responsible for the treasury share acquisition, and the contract period runs until July 2.