Hanwha Vision has stated that it has no intention of participating in the acquisition process of OURHOME, but after the market closed on the 3rd, its stock price did not rebound during after-hours transaction.
Hanwha Vision's shares traded at 30,750 won during after-hours transaction at 5:30 p.m. on that day. This is 0.16% (50 won) lower than the closing price of 30,800 won. While it briefly rose to 31,200 won in early after-hours transaction, the upward trend did not continue. The transaction volume, which exceeded 20,000 shares every 10 minutes, fell to around 3,000 shares.
Hanwha Vision announced through its official website, "Hanwha Vision clarifies that it has absolutely no intention of investing in OURHOME." This was the backdrop for the active transactions in early after-hours trading.
Earlier, there were predictions that Hanwha Hotel & Resort would be able to draw around 300 billion won from Hanwha Vision's funds for acquiring a stake in OURHOME. Subsequently, Hanwha Vision's stock price showed weakness, slipping below the 30,000 won mark during regular trading that day. The difficulty in generating synergy between Hanwha Vision's core business of closed-circuit television (CCTV) and OURHOME's group meal service business negatively impacted investor sentiment.
However, despite Hanwha Vision's decision not to support the acquisition funds for OURHOME, the prevailing uncertainty due to factors such as the 'tariff war' likely resulted in the stock price failing to rebound during after-hours transaction.