Hansung Cleantech surged more than 20% early on the 30th. Investors appeared to pile in on expectations that it will benefit from the Honam semiconductor mega project.
As of 9:48 a.m., Hansung Cleantech was trading at 2,450 won on the KOSDAQ market, up 536 won (28.00%) from the previous session. After the open, it jumped 29.83% to hit the upper limit before slightly trimming gains.
Hansung Cleantech appears to be drawing heavy buying as it garnered attention as a beneficiary of the Honam semiconductor mega project that the government released the previous day.
Hansung Cleantech specializes in designing and constructing comprehensive water treatment facilities, including not only supplying ultrapure and industrial water essential for electronics and semiconductor manufacturing processes but also treating wastewater and sewage.
It is reportedly directly participating in the 43.3 billion won "next-generation ultrapure water production, supply and self-reliant production process technology development project" led by the Ministry of Climate, Energy and Environment.