In early trading on the 24th, HPSP is plunging more than 8%. The drop is seen as fallout from the previous day's off-hours block trade, in which the largest shareholder disposed of a 9% equity stake.
As of 9:25 a.m., HPSP on the KOSDAQ market is trading at 41,100 won, down 3,900 won (8.67%) from the previous session.
According to the financial investment industry, on the previous day, Hit 2025 Holdings Co., Ltd., the largest shareholder, sold about a 9% equity stake via a block deal. The sale price was 41,800 won per share, a 7.1% discount to the prior close of 45,000 won, and the total sale size was about 317.7 billion won.
This sale is the second block deal, following the disposal of part of its equity stake in the previous month. Hit 2025 Holdings is a special purpose company (SPC) established by the private equity firm Crescendo Equity Partners, and the market interprets it as an equity rebalancing with an eye on a long-term sale of HPSP's management control.