[Featured Stock] RF Tech Rises on News of Major Shareholder's Additional Stake Acquisition
[Asia Economy Reporter Hyunseok Yoo] RF Tech is showing strong performance. The news of the largest shareholder Jayjun Cosmetic acquiring additional shares seems to have had an impact.
As of 10:40 AM on the 17th, RF Tech was trading at 10,550 KRW, up 4.98% (500 KRW) compared to the previous trading day.
On this day, Jayjun Cosmetic, the largest shareholder of RF Tech, additionally acquired 214,624 shares through off-hours block trading for about 2 billion KRW. This additional share acquisition is expected to further stabilize Jayjun Cosmetic's management control over RF Tech. As a result, Jayjun Cosmetic's stake in RF Tech increased from 14.95% to 15.79%.
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Recently, RF Tech's stock price surged significantly due to growing expectations for its 5G base station antenna business and the newly initiated botulinum toxin business. In June, RF Tech and its subsidiary RF Bio succeeded for the first time in the world in isolating and identifying a botulinum strain from 'bees honey' and received a national management number.
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