HANA Micron's stock plummeted after it announced a plan to spin off into HANA Semiconductor Holdings and a newly established company, HANA Micron.
HANA Micron shares traded at 11,110 won on the KOSDAQ market at 9:07 a.m. on the 20th. The stock price fell by 10.19% (1,260 won) compared to the previous trading day. Many investors seem to be reassessing the company's value following HANA Micron's spin-off announcement.
On the 17th, HANA Micron disclosed plans for a partitioning by spinning off its semiconductor product packaging and testing business into a new company. The partitioning date is set for July 1, and the relisting date for both the existing and newly formed companies is scheduled for August 6.
Additionally, after the partitioning, HANA Semiconductor Holdings plans to conduct a public purchase as a form of cash capital increase to secure equity in the newly established HANA Micron. This is because they need to secure at least 30% equity to establish it as a subsidiary. Options for a partitioned merger plan with HANA Materials' investment sector (HANA S&B Investment) are also under consideration.
Kim Dong-kwan, a researcher at MERITZ Securities, noted, "I expect increased stock price volatility until the trading suspension related to HANA Micron's partitioning. It is necessary to pay attention to the specific plans for how HANA Semiconductor Holdings will secure equity in HANA Micron."