[Special Stock] Hanatech Declines Two Days After KOSDAQ Listing
![[Special Stock] Hanatech Declines Two Days After KOSDAQ Listing](http://www.asiae.co.kr/news/img_view.htm?img=2020112609342032292_1606350861.jpeg)
[Asia Economy Reporter Eunmo Koo] Hana Technology, which hit the upper price limit on its first day listed on the KOSDAQ market, turned to a decline after profit-taking selling pressure emerged the next day.
As of 9:32 a.m. on the 26th, Hana Technology was trading at 84,500 won, down 7.14% (6,500 won) from the previous trading day. Hana Technology, which was listed on the KOSDAQ market the day before, closed at 91,000 won, reaching the maximum price limit increase of 30.00% from the opening price (70,000 won). This level is 2.6 times (160%) higher than the public offering price of 35,000 won.
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In the general public subscription conducted prior to the listing, it attracted strong interest with a competition rate of 1802.1 to 1, raising a deposit of 5.0459 trillion won. Established in 2000, Hana Technology is a specialized manufacturer of secondary battery equipment and counts domestic battery companies LG Chem, Samsung SDI, and SK Innovation among its clients.
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