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Hanyang Securities |
[Alpha Biz= Reporter Kim Sangjin] After formalizing the sale of the major shareholder's stake, Hanyang Securities' stock price surged. Even before officially disclosing the sale, the anticipation alone had driven up Hanyang Securities' stock price, leading to a continuous upward trend for 7 trading days until today.
According to the Korea Exchange on the 15th, Hanyang Securities closed at 15,000 won, up 7.53% from the previous trading day. The stock has been rising for 7 consecutive trading days since the 5th.
The notable increase in Hanyang Securities' stock price began on the 11th. On news that the major shareholder, Hanyang Education, could sell Hanyang Securities to secure liquidity for other affiliated companies, the stock showed strong gains of over 9% each on the 11th and 12th.
The announcement of the stake sale plan by Hanyang Securities before the market opened further boosted the stock price. At one point on this day, it rose by 23% to record a 52-week high of 17,210 won. Based on closing prices, Hanyang Securities' stock has risen by more than 28% over the past 3 trading days.
On this day, Hanyang Securities disclosed, "The confirmation of the major shareholder indicates a plan to pursue the sale of the stake." However, it clarified, "Details such as the buyer, amount, method, and schedule have not been specifically decided or confirmed."
Hanyang Securities ranks among the top 30 securities firms in Korea by equity. Its operating profit last year was 45.3 billion won, with a net profit of 35.1 billion won.
The major shareholder, Hanyang Education, operates Hanyang University and held a 16.29% stake in Hanyang Securities as of March. Including special relationship stakes, this amounts to 40.99%.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
