[Special Stock] Skin&Skin Hits Upper Limit During Trading on News of Acquiring The Pyeonhan Yangju

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[Asia Economy Reporter Ji Yeon-jin] Skin&Skin is recording a daily limit price during trading as news broke on the 3rd that it will acquire The Pyeonhan Yangju.

As of 9:40 a.m. on the same day, the company’s stock is trading at 289 won, up 29.60% (66 won) compared to the previous day.

Earlier, Skin&Skin announced in a disclosure the day before that it decided to newly acquire 100,000 shares of The Pyeonhan Yangju Co., Ltd. for 5.93 billion won with the purpose of improving sales scale and profitability through direct manufacturing of hygiene products (such as KF94 health masks). The scheduled acquisition date is August 8, 2022, and the post-acquisition shareholding ratio will be 100%.