[Asia Economy Reporter Yoo Hyun-seok] Hanguk McNulty is showing strong performance. The competition among major distribution companies aiming to acquire eBay Korea, which operates online shopping malls Gmarket, Auction, and G9, appears to have influenced the stock price as well.
As of 9:42 AM on the 31st, Hanguk McNulty's stock was trading at 12,000 KRW, up 11.63% (1,250 KRW) compared to the previous trading day.
According to the distribution industry, the lead manager for the sale of eBay Korea recently notified companies that participated in the preliminary bidding that the main bidding schedule is set for the 7th of next month. In the preliminary bidding held at the end of March, Lotte Shopping, Shinsegae Group's E-Mart, SK Telecom, and private equity fund MBK Partners were included in the shortlist of qualified candidates.
It is known that Shinsegae Group expressed its intention to acquire in partnership with Naver during the preliminary bidding. If Shinsegae and Naver succeed in acquiring eBay Korea together, they are expected to firmly establish a coalition to compete against Coupang in the online shopping market.
Hanguk McNulty is a partner company of eBay Korea that operates the entire coffee-related business, from green coffee beans to processed coffee products.
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