Comico, a company specializing in cleaning and coating semiconductor equipment parts, saw its shares soar by over 27% on the first day of trading following a stock split.
As of 1:37 PM on August 21, Comico's stock was trading at 27,700 won, up 5,900 won (27.06%) from the previous trading day, according to the Korea Exchange.
The company had suspended trading since July 29 to facilitate electronic registration changes related to the stock split, which was implemented to increase the number of shares in circulation and enhance trading activity.
Comico decided to lower the par value of its shares from 500 won to 200 won, increasing the total number of issued shares from 20,545,310 to 51,363,275.
The stock split is expected to improve trading accessibility for investors and enhance liquidity, which likely contributed to the rise in share price.
Comico has also been experiencing growth in its financial performance. Last year, the company reported consolidated revenues of 604.1 billion won and an operating profit of 110.9 billion won, both of which showed increases compared to the previous year.
In the first half of this year, Comico recorded revenues of 333.0 billion won, an operating profit of 47.5 billion won, and a net profit of 26.1 billion won.
The company focuses on precision cleaning and special coating of equipment parts used in semiconductor manufacturing processes, aiming to remove contaminants and enhance the lifespan and yield of these components. Additionally, Comico is expanding its manufacturing business for semiconductor equipment parts based on its cleaning and coating operations.
* This article has been translated by AI.
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