[Special Stock] MP Hangang Hits Upper Limit on Expectations of MP Group's Financial Improvement

[Asia Economy Reporter Geum Bo-ryeong] As MP Group showed signs of financial improvement, MP Hangang hit the upper price limit on the 15th.

At 9:38 AM that day, MP Hangang rose 30% (228 won) from the previous close to 988 won.

On the 12th, MP Group announced that it had selected Samil Accounting Corporation as the sales agent for mergers and acquisitions (M&A) aimed at securing liquidity and improving corporate governance through a board resolution. MP Group's stock trading has been suspended due to embezzlement and breach of trust charges against the major shareholder. MP Hangang, a subsidiary of MP Group, is responsible for distributing makeup brands such as 'Kiss Me' and 'Canmake'.