Genesem jumped more than 12% early on the 16th on news that it signed a contract to supply semiconductor equipment to SK hynix.
As of 9:21 a.m. that day, Genesem was trading at 6,590 won on the KOSDAQ market, up 710 won (12.07%) from the previous session. Right after the open, it surged to as high as 6,920 won before the gains narrowed slightly.
Earlier, Genesem disclosed that the previous day it signed a contract with SK hynix to supply back-end semiconductor equipment worth 7,369.74 million won.
The contract amount is equivalent to 12.98% of last year's sales on a consolidation basis.
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