Shares of Hansung Cleantech, an industrial water treatment specialist, hit the upper price limit early on the 6th after news that the company won a facilities construction order for Samsung Electronics' Pyeongtaek semiconductor plant.
At 9:34 a.m., Hansung Cleantech was trading at 1,465 won on the main board. The share price rose 29.99% (338 won) from the previous day, hitting the upper limit.
Hansung Cleantech disclosed on the 5th that it won an order from Samsung E&A for the ultrapure water composite copper facilities construction for Phase 4 (Ph4) of Samsung Electronics' Pyeongtaek Plant 4 (P4). The contract is worth about 11.2 billion won, equivalent to about 7.21% of last year's revenue.
Hansung Cleantech is a specialist in industrial water treatment and ultrapure water (UPW, ultra pure water) engineering, procurement and construction (EPC). The project builds an ultrapure water system that is essential to semiconductor manufacturing. Ultrapure water is highly purified water from which minerals, fine particles and other substances in ordinary water are removed. It is mainly used for cleaning in semiconductor processes.