[Asia Economy Reporter Geum Bo-ryeong] Related stocks, including Asiana Airlines, surged as the court approved Hanjin KAL's paid-in capital increase for the acquisition of Asiana Airlines by Korean Air.
As of 2:48 PM on the 1st, Asiana Airlines' stock price recorded 6,030 KRW, up 17.09% (880 KRW) compared to the previous trading day. At the same time, AsianaIDT rose 23.13% (6,800 KRW) to 36,200 KRW from the previous day.
The Seoul Central District Court Civil Division 50 (Chief Judge Lee Seung-ryeon) dismissed the injunction request filed by Grace Holdings, an investment purpose company under KCGI, against Hanjin KAL to prohibit the issuance of new shares.
Accordingly, Hanjin KAL's 500 billion KRW third-party allotment paid-in capital increase for the acquisition of Asiana Airlines is expected to proceed as planned.
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