[Asia Economy Reporter Lee Jung-yoon] K Car has been on a strong upward trend following news of the largest shareholder's stake sale.
As of 9:52 AM on the 20th, K Car was trading at 14,550 KRW, up 6.99% (950 KRW) from the previous day.
Earlier on the 16th, K Car stated regarding rumors of the largest shareholder's stake sale, "The largest shareholder has selected Goldman Sachs as an advisor and is reviewing various strategic options including the stake sale, but nothing has been specifically decided or finalized yet."
K Car has recorded gains for four consecutive trading days.
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