[Asia Economy Reporter Ji Yeon-jin] Kumho HT's stock price surged to the upper limit on the 27th following the news that it will absorb and merge its new drug development affiliate, Dynona.
As of 10 a.m. on the same day, Kumho HT was trading at 3,315 won, up 30% from the previous day. The company is a specialized manufacturer of automotive lighting, producing lighting for all parts of vehicles including front and rear lighting devices, instrument panels, and interior lights. On this day, it announced that it had decided to absorb and merge the new drug development company Dynona.
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