[Asia Economy Reporter Geum Boryeong] The stock price of Naturecell has surged for two consecutive trading days following the first trial acquittal of Naturecell Chairman Ra Jeongchan, who was prosecuted on charges of stock price manipulation.
As of 9:41 a.m. on the 10th, Naturecell recorded 10,050 won, up 24.62% (1,920 won) compared to the previous close.
On the 7th, the Criminal Division 13 of the Seoul Southern District Court (Chief Judge Shin Hyeokjae) acquitted Chairman Ra of violating the Capital Markets Act. Ra was indicted in August 2018 on charges of stock price manipulation through false and exaggerated advertising related to the degenerative arthritis stem cell treatment 'Jointstem.'
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