[Featured Stock] Samsung Bio Rises on 1.74 Trillion Won Factory Establishment

[Asia Economy Reporter Geum Bo-ryeong] On the 11th, Samsung Biologics showed strong performance following the news of establishing a new factory worth 1.74 trillion KRW.

At 2:11 PM that day, Samsung Biologics' stock price rose 5.06% (39,000 KRW) compared to the previous session, reaching 810,000 KRW.

Earlier, Samsung Biologics announced that it would build a 4th factory within the Songdo Samsung Bio Campus to strengthen competitiveness by expanding biopharmaceutical production facilities. The investment scale is 1.74 trillion KRW, which corresponds to 39.96% of last year's individual basis equity capital.