Kumho Petrochemical’s stake value also increases as OCI Holdings shares surge
As OCI Holdings’ share price surged, the value of the stakes exchanged with Kumho Petrochemical moved in opposite directions. Quickly check the current valuation of the treasury shares exchanged five years ago and the key investment points.
The value of treasury shares that OCI Holdings and Kumho Petrochemical swapped five years ago has recently diverged significantly. As OCI Holdings' stock price has risen sharply this year, the value of OCI Holdings shares held by Kumho Petrochemical has increased, while the value of Kumho Petrochemical shares held by OCI Holdings has decreased.
According to the financial investment industry, OCI Holdings' stock closed at KRW 271,500 on June 18, about three times higher than at the beginning of the year. This is interpreted as being helped by U.S. restrictions on Chinese solar products and expectations for a SpaceX listing.
On the other hand, Kumho Petrochemical's stock has shown relative weakness, affected by the prolonged downturn in the petrochemical industry over the past few years. As a result, the current appraised value of the shares exchanged in 2021, each worth KRW 31.5 billion, has risen to about KRW 81 billion for the OCI Holdings stake held by Kumho Petrochemical, while the Kumho Petrochemical stake held by OCI Holdings has fallen to around KRW 21.9 billion. However, both companies said they currently have no plan to sell the shares.