Daeyu Plus, which is undergoing corporate rehabilitation procedures, is recording a limit-up following news that it plans to pursue a sale before the approval of its rehabilitation plan.
As of 3:15 PM on the 30th, Daeyu Plus is trading at 214 KRW, up 29.70% compared to the previous trading day.
Daeyu Plus, the intermediate holding company of the Daeyu Winia Group, announced yesterday that it will pursue a merger and acquisition (M&A) before the approval of the rehabilitation plan and has selected Samil Accounting Corporation as the lead manager for the sale. The company plans to select a conditional acquirer through a limited competitive bidding process.
Daeyu Plus initiated rehabilitation procedures on November 8 of last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
