Hansol Technics, a company specializing in electrical and electronic components, was strong early on the 13th. Buying appears to be pouring in as expectations for earnings grow on news that it will push a rights offering to acquire a semiconductor probe card manufacturer.
As of 9:34 a.m. that day, Hansol Technics was trading at 6,310 won, up 1,300 won (25.95%) from the previous session.
Before the regular session opened that day, Hansol Technics disclosed it will carry out a rights offering worth 90 billion won and use the funds raised to acquire a new subsidiary. It plans to proceed with 45 billion won each through a third-party allotment and a shareholder allotment followed by a public offering.
The funds secured through this rights offering will be used to acquire 6.11 million shares of Wiltechnology, a probe card producer. The acquisition price totals 177.2 billion won. Hansol Technics plans to secure its equity in Wiltechnology to about 83% and fold it in as a subsidiary.
Hansol Holdings, the group's holding company, will participate in this rights offering and invest up to about 61.7 billion won.
A Hansol Technics official said, "This investment is a decision for strategic expansion into the semiconductor sector, which has high future growth potential," adding, "We will establish a foundation for sustainable growth by advancing our business portfolio."