The shares of the shipbuilding materials company HYUNDAI HYMS are rising by over 7% in the pre-market.
According to NextTrade on the 23rd, at 8:17 a.m. that day, the share price of HYUNDAI HYMS recorded 21,250 won, up 7.81% compared to the previous trading day's closing price.
The news that private equity fund manager J&Private Equity (PE) has officially begun the sale process for HYUNDAI HYMS is interpreted as a positive factor.
J&PE, the largest shareholder of HYUNDAI HYMS, has recently appointed NH Investment & Securities and Samil as the sale's advisory firms.
HYUNDAI HYMS mainly engages in the production of ship blocks as a shipbuilding materials company. Ship blocks are units that divide a ship into several compartments. Typically, dozens to hundreds of ship blocks are stacked to construct one vessel.
Meanwhile, as the situation in the Middle East deteriorates due to the supply of Iran's nuclear facilities by the U.S., overall market investment sentiment is in a weakened state.
Unlike HYUNDAI HYMS, the share prices of shipbuilding stocks like HD Hyundai Heavy Industries and Hanwha Ocean are down by over 1% in the pre-market.