[Featured Stock] Doosan Fuel Cell, Preferred Shares Show 'Strength'

[Asia Economy Reporter Hwang Junho] Doosan Fuel Cell is showing strong performance in the stock market on the 11th.

As of 9:48 AM, Doosan Fuel Cell 1 Preferred and Doosan Fuel Cell 2 Preferred B are trading at 13,200 KRW and 15,950 KRW respectively, up 21.66% and 15.58% from the previous close. Doosan Fuel Cell is also up 10.67%, trading at 38,900 KRW.

The successful issuance of corporate bonds to expand production capacity is cited as the apparent reason for the stock price boost. On the 9th, Doosan Fuel Cell announced that it raised 70 billion KRW through corporate bond issuance. Of the funds, 30 billion KRW will be used for operating expenses, and 40 billion KRW will be invested in the Saemangeum solid oxide fuel cell production facility. Expansion of production facilities at the Iksan plant is also underway.