Thecoody, a manufacturer of semiconductor and display equipment, saw its shares hit the upper limit on September 9.
According to the Korea Exchange, as of 9:16 a.m. on that day, Thecoody's stock rose 29.86% to 7,610 won, reaching a new 52-week high.
Thecoody produces cleaning equipment for semiconductor front-end processes and display equipment, with major clients including Samsung Electronics and Samsung Display.
The surge in Thecoody's stock is attributed to the anticipated benefits from the acquisition by the LG Group.
On September 8, Thecoody announced a change in the recipient of its 7 billion won third-party allocation of new shares from K-Sin Growth Equity to Pantos Corporation.
Pantos Corporation is a private company led by Koo Bon-ho, the third-generation chairman of Pantos Holdings, and analysts interpret this investment as an opportunity for Thecoody to expand its collaboration with LG Group companies and to venture into new businesses such as robotics and artificial intelligence.
* This article has been translated by AI.
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