Newbotec's stock is on the rise following its selection as the contractor for SK Hynix's waste container resource recycling project.
According to the Korea Exchange, as of 1:30 PM, Newbotec shares were trading at 1,618 won, up 28 won (1.76%) from the previous trading day. Earlier in the session, the stock surged to as high as 1,880 won.
The announcement of Newbotec's final selection as the contractor for SK Hynix's waste container recycling project has sparked investor interest.
On the same day, Newbotec confirmed its role as the contractor for SK Hynix's waste container recycling project. The company will be responsible for the collection, transportation, and recycling of waste acids and waste alkalis generated at SK Hynix's facilities in Icheon and Cheongju, as well as at the future Yongin semiconductor mega-cluster.
Newbotec stated, "We are excited to become a key partner in SK Hynix's eco-friendly value chain and aim to establish ourselves as a green partner supporting sustainable growth in advanced industries through our resource recycling technology."
Newbotec is a leading advanced resource recycling infrastructure company that oversees nationwide water and sewage infrastructure expansion projects and holds four new technologies in pipeline reinforcement and rehabilitation.
Meanwhile, Newbotec has been designated as an investment caution item by the Korea Exchange due to concentrated buying from a small number of accounts on the same day.
* This article has been translated by AI.
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