Bio venture company Asta's stock price rose to the maximum limit (30%) for three consecutive trading days following news that it secured a large-scale investment from Saudi Arabia.
As of 10:30 a.m. on the 21st, Asta's stock price was trading at 8,950 won, up 30% from the previous trading day. Achieving the upper limit price for three consecutive trading days, the stock price, which had initially hovered in the low 4,000 won range, surged close to 9,000 won.
Saudi International Industrial Valley Company (SIIVC) recently visited Asta's factory and research and development (R&D) center located in Suwon, Gyeonggi Province, conducting due diligence based on an investment in medical devices. The investment amount is expected to reach up to $500 million (approximately 652 billion won).
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