[Market Focus] Hansol Technics Surges 28% on Will Technology Acquisition News

Hansol Technics, an electric and electronic components specialist under the Hansol Group, announced on April 13 that it has decided on a large-scale paid-in capital increase to acquire semiconductor equipment company Will Technology. Following the announcement, its share price jumped 28% in early trading.

As of 9:36 a.m. on April 13, Hansol Technics was trading at 6,420 won, up 28.14% (1,410 won) from the previous day. The continued buying momentum appears to be driven by news of the Will Technology acquisition.

On April 10, Hansol Technics disclosed via the Financial Supervisory Service's electronic disclosure system (DART) that it had decided on a paid-in capital increase totaling approximately 90 billion won: 45 billion won through a third-party allocation and another 45 billion won through a rights offering followed by a general public offering of forfeited shares. The entire amount is planned to be used for the acquisition of Will Technology.

On the same day, Hansol Technics also announced that its board of directors had resolved to acquire an 83.37% stake in Will Technology. The scheduled date for the share acquisition is June 17.

Hansol Technics plans to strengthen its business portfolio by making Will Technology a subsidiary. Will Technology is a manufacturer of semiconductor probe cards, which are components used to test the performance of semiconductor chips.

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