[Featured Stock] PPI Rises on Expectations of Sale
PPI is showing strong performance. This is interpreted as being influenced by news that it has been put up for sale in the M&A (mergers and acquisitions) market.
As of 9:35 AM on the 23rd, PPI is trading at 2,365 KRW, up 10.0% compared to the previous day.
According to the financial investment industry, PPI has been in contact with multiple potential buyers since the beginning of this month, exploring external investment attraction or management rights sale. The sale price is reported to be around 20 billion KRW.
PPI was established in 1999 and listed on the KOSDAQ market in 2019. Based on its proprietary technology for planar lightwave circuits (PLC), it supplies PLC optical power distributors. In particular, the optical path module (OPS) is its main product, accounting for 79.66% of total sales as of last year.
Hot Picks Today
"Annual Interest Exceeds 6.73 Million Won Per Person... 'I'm Using My Entire Salary for Interest' — Youngeuljok Sound the Alarm"
- Missing Out on a 60 Trillion Won Deal and Suffering a 20% Stock Plunge, But..."Buy While It's Cheap, Hanwha Ocean Has a Rebound Opportunity" [Click e-Stock]
- "Will I Really Be Left Out If I Don't Use It?"... The App Used by 23 Million Koreans Monthly, Is Naver Feeling the Pressure?
- 30 Beluga Whales Dramatically Rescued After Two Years Trapped in Shuttered Theme Park
- ‘Paradise Island’ Turns into ‘Hell’...4,000 U.S. Soldiers Endure Heat With Only Fans
It is known that the sluggish performance of its core business has been the background for PPI's investment attraction and sale. PPI recorded sales of 14.4 billion KRW and an operating loss of 3 billion KRW last year. PPI has reportedly stated that regarding the sale, it is possible to proceed with the sale depending on conditions after attracting investment.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
![[Briefing] National Growth Fund to Expand to 200 Trillion Won... New 'Ultra-Long-Term Technology Investment Fund' with 10-Year Patient Capital Introduced](https://cwcontent.asiae.co.kr/asiaresize/307/2026071511225546911_1784082175.jpg)