Ivision Works, a manufacturer of inspection equipment for secondary battery production processes, is experiencing strong gains on the first day of trading following a stock consolidation. The stock briefly hit its upper limit shortly after the market opened.
According to the Korea Exchange, as of 9:52 a.m. on October 2, Ivision Works shares were trading at 5,430 won, up 9.59% (475 won) from the previous trading day. The stock initially surged to the maximum allowable increase before giving back some of its gains.
On July 1, Ivision Works decided to consolidate five common shares into one. As a result, trading was halted from September 9 to October 1, with trading resuming today.
This consolidation changed the par value per share from 100 won to 500 won. The total number of issued shares decreased from 34,456,481 to 6,891,296. A stock consolidation combines multiple shares into one, without affecting the company's capital.
During the trading suspension, the company announced new orders. On September 14, Ivision Works secured a contract worth 3.8 billion won for the supply of inspection systems for secondary batteries.
Ivision Works specializes in developing and supplying inspection systems used in the manufacturing process of secondary batteries, focusing on equipment that checks product quality and detects anomalies.
* This article has been translated by AI.
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