Hansol PNS, a company listed on the securities market, saw its stock price rise in early trading on the 1st. The stock has been on an upward trend for two consecutive trading days following the news that its holding company, Hansol Holdings, plans to publicly purchase shares of Hansol PNS and intends to delist it.
As of 10:39 a.m. on this day, Hansol PNS is trading at 1,883 won, up 325 won (20.86%) from the previous trading day. The stock climbed as high as 1,885 won during the session, setting a new one-year high.
The day before, Hansol Holdings announced that it would publicly purchase all 11,052,677 shares of Hansol PNS at 1,900 won per share by the end of this month, amounting to approximately 11.2 billion won. Hansol Holdings is currently the largest shareholder, holding 46% of Hansol PNS equity, and the number of shares subject to the public purchase is about 54% of the total outstanding shares.
Hansol Holdings explained that it plans to initiate voluntary delisting of Hansol PNS after the public purchase concludes. At the same time, Hansol Holdings is up 0.64% from the previous trading day.
The public purchase price is approximately 60% higher than the stock price before its announcement (1,199 won), indicating strong buying interest. Currently, the stock price is still below the public purchase price. On the previous day, Hansol PNS closed at 1,558 won, having surged 29.94%.