[Special Stock] Mirae Industries Surges on First Day of Trading Resumption After Capital Reduction Without Compensation
As of 9:30 a.m. on July 22, the share price of Mirae Industries, a manufacturer of semiconductor inspection equipment and odd-form component inserters, was trading at 13,180 won, up 13.72% from the previous closing price on June 26. This sharp rise occurred on the first day of trading resumption following a trading halt due to a capital reduction without compensation.
Previously, Mirae Industries had temporarily suspended trading to protect investors while carrying out a capital reduction without compensation at a ratio of 16 to 1. After this capital reduction, the largest shareholder, Nexton Bioscience, now holds a 32.32% stake in Mirae Industries, amounting to 1,448,457 shares.
Prior to the capital reduction, Mirae Industries improved its financial structure by converting convertible bonds (CB) into shares, thereby reducing its debt burden. The company also announced consecutive order wins. On June 26, it signed a single sales and supply contract worth 3.48 billion won with China's CXMT, followed by an additional contract worth 3.52 billion won on July 14.
The company stated that it is responding to the next-generation high bandwidth memory (HBM) test solution market. Mirae Industries has independently developed its 'All-In-One Carrier' technology and completed patent applications not only in Korea but also in the United States and China. The company is currently collaborating with domestic and international firms to develop test products for mass production.
Hot Picks Today
"Six Months After 'Mom's Touch Troublesome Woma...
- Popcorn Container Craze at Theaters Sparks Sell-Out Frenzy, Emerges as New Reven...
- "With This Certificate, Even Those in Their 60s Can Get Hired and Earn 3.69 Mill...
- Blackmailer Behind Europe's 'Rodenticide Baby Food' Case Demanded 3.5 Billion Wo...
- Female Game Caster Makes Bold Move After Criticism Over "Short Skirt" on Broadca...
A representative from Mirae Industries said, "The semiconductor industry is entering a super cycle due to the expansion of the HBM market driven by increasing demand for AI servers. Based on stable supply contracts with our clients, we are continuing to secure orders in the second half of the year and expect improved performance compared to the previous year."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.