Hanjin KAL recorded the upper limit price early in the session on the 13th. It appears that Hoban Construction led the stock price increase by acquiring equity in Hanjin KAL, the holding company of Hanjin Group.
Hanjin KAL recorded the upper limit price at 115,900 won, which is an increase of 26,700 won (29.93%) compared to the previous transaction as of 9:25 a.m.
Hoban Construction announced that it increased its equity in Hanjin KAL from 17.44% to 18.46% the previous day. The gap in equity percentage with the largest shareholder, Chairman Cho Won-tae, is now narrowed to 1.5%.
Hoban Construction is gradually increasing its equity in Hanjin KAL. It became the second-largest shareholder of Hanjin KAL after acquiring equity from private equity fund KCGI in 2022, and in 2023, it purchased additional equity from Pan Ocean. Hoban Construction noted that this expansion is purely for investment purposes.