Shindorico, a copier company, is soaring 23% on news that it has appointed an IB expert as its CEO.
As of 10:42 AM on the 16th, Shindorico is trading at 44,450 won, up 23.13% from the previous trading day.
The reason for Shindorico's sharp rise in stock price is the news that it will appoint CEO Dongkyu Seo, known as an investment banking (IB) expert. Since its establishment in 1960, Shindorico has focused on office multifunction devices, and it announced yesterday that it will handle the agenda to newly appoint CEO Dongkyu Seo at the regular shareholders' meeting scheduled for March 28.
Dongkyu Seo, who was appointed on the 1st of last month, previously served as the CEO of Samil Accounting Corporation and the CEO of Stick Investment, a private equity fund (PEF) management company. While working at Samil Accounting Corporation in M&A and corporate due diligence, he led advisory work for the sales of ADT Caps, Hyundai Securities, and Pan Ocean.
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