[Featured Stock] Hanmi Science Hits Upper Limit During Trading Amid Signs of Management Dispute

Signs of Management Dispute Trigger Intraday Limit Up
Owner's Eldest Son Opposes Integration with OCI Group
Future Battle for Stake Control Expected

HanmiScience entered the upper limit price during trading hours. It also broke the 52-week high. This is interpreted as being influenced by news of a management rights dispute.

As of 2:02 PM on the 16th, HanmiScience is trading at 56,200 won, up 29.79% (12,900 won) from the previous day. This is the highest price in the past 52 weeks.

HanmiScience is the holding company of the Hanmi Pharm Group. The Hanmi Pharm Group is undergoing a merger process with OCI Group, led by Chairman Song Young-sook and her eldest daughter, President Lim Joo-hyun. During the integration process, Lim Jong-yoon, the eldest son of Chairman Song who was excluded, and chairman of the Kori Group, publicly opposed the merger push, signaling a management rights dispute. There is speculation that this may be an attempt to overturn the situation where President Lim Joo-hyun has effectively been established as the successor of the Hanmi Pharm Group.

If the management rights dispute materializes, securing shares becomes the most important factor. After the share swap with OCI Group, the largest shareholder of HanmiScience is OCI Holdings (27.03%). Chairman Lim Jong-yoon holds 11.10%, and Lim Jong-hoon, the second son of Chairman Song and president of Hanmi Pharm, owns 6.59%. Chairman Lim has also hinted at an alliance with his younger brother. Depending on which side Shin Dong-guk, chairman of Hanyang Precision (11.12%), who was especially close to the late Lim Sung-gi, former chairman of Hanmi Pharm, and the fourth largest shareholder, the National Pension Service (6.76%), sides with, the balance of power could shift.

The stock price of HanmiScience declined after reaching the yearly high of 47,750 won last year. At one point, it even fell below the 30,000 won level. It hovered around the 30,000 won range last year. On the 15th, the first trading day after the announcement of the merger with OCI Group, it entered the 40,000 won range. The stock price exceeding 40,000 won was the first time in five months since August 14 of last year.

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