Hantap has recorded its upper limit for the second consecutive trading day, buoyed by news of a large share purchase by its largest shareholder.
According to the Korea Exchange, as of 2:14 PM on August 12, Hantap's stock was trading at 2,795 won, up 645 won (30.00%) from the previous day. The stock had already reached the price limit (29.99%) the day before, continuing its strong performance.
The surge in stock price is attributed to the decision by the largest shareholder to purchase 2 million common shares in the market to enhance shareholder and corporate value, which has stimulated investor sentiment. The company announced the plan in a disclosure the day before, stating that it intends to acquire approximately 3.3 billion won worth of common shares over about 30 days, from September 11 (settlement date) to October 10.
The purchase price was based on the closing price of 1,654 won on August 10, the day before the announcement, and the actual acquisition volume and purchase price may vary depending on future stock price fluctuations.
Market analysts interpret the largest shareholder's market purchase as a signal to support the stock price. Hantap disclosed on August 5 that it had been under the market capitalization threshold of 20 billion won for 25 consecutive trading days. If it fails to meet the market capitalization criteria by that day, it may be designated as a management stock on the next trading day.
* This article has been translated by AI.
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