[Market Focus] Hansol Technics Surges for Consecutive Days on Will Technology Acquisition

Hansol Technics, an electric and electronic components specialist and an affiliate of the Hansol Group, has been experiencing a continuous rise in its stock price following the news of its acquisition of Will Technology, a semiconductor equipment company.

As of 10:20 a.m. on April 14, Hansol Technics was trading at 7,520 won, up 15.51% (1,010 won) from the previous trading day. The previous day, Hansol Technics also closed at its upper price limit (the maximum daily price increase allowed).

It appears that the acquisition news of Will Technology has been driving consistent buying activity. On April 10, Hansol Technics announced via the Financial Supervisory Service’s DART system that it had decided on a paid-in capital increase worth approximately 90 billion won. The entire amount is scheduled to be used for the acquisition of Will Technology.

Hansol Technics also disclosed that its board of directors had approved an agenda item to acquire an 83.37% stake in Will Technology.

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