Shares of CLASSYS, a cosmetic medical device company, surged in early trading on the 26th. This appears to be due to reports that Samsung Electronics is considering an acquisition. Samsung Electronics denied the claim.
CLASSYS shares traded at 65,900 won in the KOSDAQ market at 9:08 a.m. on the 26th. The stock price rose by 13.62% (7,900 won) compared to the previous day. In early trading, the stock price jumped to 71,500 won, setting a new high for the past year.
On the same day, a media outlet reported that Samsung Electronics formed a task force (TF) to consider acquiring CLASSYS at the end of last year. Bain Capital, the largest shareholder of CLASSYS, has been promoting the sale of management rights since selecting a lead manager in the second half of last year.
However, Bloomberg reported that Samsung Electronics denied the related reports, stating they are "baseless."