Laser Cell's shares rose more than 17% in early trading following news of a major semiconductor equipment supply contract.
According to the Korea Exchange, as of 10:53 a.m., Laser Cell's stock was trading at 5,190 won, up 775 won (17.55%) from the previous trading day. The stock opened at 4,415 won and peaked at 5,290 won during the session, before giving back some of its gains. The day before, it had also closed up 4.13%.
The recent surge in Laser Cell's stock price is attributed to investor optimism following the announcement of the semiconductor equipment supply contract.
According to a filing with the Financial Supervisory Service's electronic disclosure system, Laser Cell announced on July 7 that it had signed a semiconductor equipment supply contract worth 1.79 billion won with a global semiconductor substrate company in South Korea. The contract period extends until the end of March next year, with 50% of the contract amount due within 30 days of the order, and the remaining balance to be paid within 60 days after delivery and inspection. The order date was July 6.
This contract amount represents 38.21% of last year's revenue, which was approximately 4.68 billion won. The identity of the contracting party has not been disclosed due to a request for confidentiality.
Laser Cell, listed on the KOSDAQ, develops and manufactures laser-based semiconductor equipment.
* This article has been translated by AI.
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