[Featured Stock] Sejong Medical Hits Upper Limit Ahead of Management Transfer

[Asia Economy Reporter Hwang Junho] On the 26th, Sejong Medical is hitting the upper price limit.

At 9:53 AM that day, Sejong Medical rose 29.74% to 17,450 KRW. This surge is analyzed to be due to the announcement before the market opened that the management rights would be transferred from Jeong Hyun-guk and four others to Time Investment through a third-party allotment paid-in capital increase. Sejong Chemical also hit the upper price limit on the 23rd.

The scale of the third-party allotment paid-in capital increase targeting Time Investment is 12,498.15 million KRW. The price per share is 9,220 KRW, with a discount rate of 9.95%, and the scheduled listing date of the new shares is September 30.