[Asia Economy Reporter Hyungsoo Park] SL Bionics' stock price is showing an upward trend. It appears that the value of its holdings in Studio Santa Claus stock has surpassed its market capitalization, influencing the stock price.
As of 2:37 PM on the 18th, the stock is trading at 1,085 KRW, up 21.23% compared to the previous trading day.
SL Bionics holds 12,680,317 shares (34.08%) of Studio Santa Claus. Studio Santa Claus's stock price surged to the daily price limit, trading at 4,315 KRW. The value of the shares held by SL Bionics has grown to 54.7 billion KRW.
Studio Santa Claus's stock price soared following news that the Netflix series "My Name," produced by the company, ranked 4th globally on Netflix.
On the 15th, SL Bionics approved two proposals at an extraordinary general meeting of shareholders: a capital reduction to cover deficits and improve financial structure, and the addition of business objectives to enter the bio business. The company explained that this decision aims to promote corporate development and enhance shareholder value through entry into the bio business.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
