[Special Stock] Semisysco Rises Following Ssangyong Motor M&A and Rights Issue Ex-Rights Effect

[Asia Economy Reporter Ji Yeon-jin] On the 28th, Semisysco soared to the upper limit price following the news of being selected as the preferred negotiator for the acquisition and merger (M&A) of Ssangyong Motor, combined with the effect of the ex-rights date for the free capital increase.

Semisysco is trading at 10,900 KRW, up 29.92% from the previous trading day, right after the opening of the KOSDAQ market. Earlier, Semisysco decided on a free capital increase allocating three shares for every one share, and the ex-rights date occurred on this day. The ex-rights date is when the stock price is adjusted after the new shares allocation date during a capital increase, often causing a short-term surge due to the illusion that the stock price appears cheaper.

The company’s stock price surged more than 6% on the 26th, immediately after announcing on the 25th that it was selected as the preferred negotiator for the Ssangyong Motor M&A. However, on the previous day, although the price jumped more than 9% early in the session, it closed down 0.15%.

This content was produced with the assistance of AI translation services.