[Featured Stock] Ohheim INT Rises for Two Consecutive Days Following Major Shareholder Hanssem Acquisition
[Asia Economy Reporter Ji Yeon-jin] Ohheim INT, whose major shareholder is IMM Private Equity (PE), is recording the upper limit price for two consecutive days following the news of IMM PE's acquisition of Hansem's management rights.
On the 16th, Ohheim INT is trading at 7,480 KRW, up 29.86% from the previous day since the market opened. This is the 52-week high. The stock also closed up 29.88% the day before.
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Earlier, Hansem and IMM PE announced on the 14th that they had signed a memorandum of understanding (MOU) for the management rights transaction. The agreement involves transferring 30.21% of shares held by Cho Chang-geol, Hansem's honorary chairman, and related parties to IMM PE. The sharp rise is interpreted as expectations of synergy effects between Ohheim INT, a furniture platform company in which IMM holds shares, and Hansem.
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