In early trading on the 15th, HNK Machine Tool hit the upper price limit. News that it signed a supply contract worth 32.6 billion won with its India subsidiary is seen as boosting investor sentiment.
As of 9:36 a.m. that day on the KOSDAQ market, HNK Machine Tool was trading at 3,975 won, up 915 won (29.9%) from the previous trading day.
HNK Machine Tool was established in April 1998 and is a corporations that manufactures and sells machine tools and industrial machinery. A machine tool is a machine that makes parts for machines, and its main products include CNC vertical lathes, CNC horizontal boring machines, and CNC double-head boring machines.
Earlier, HNK Machine Tool disclosed on the 14th that it signed a supply contract for "VTL Machines" worth about 32.6 billion won with Powerstatic Solutions India Private Limited. This is equivalent to 51.1% of its recent sales. The contract period runs until June 10, 2027.