With the selection of the preferred bidder for the acquisition (M&A) of Hanyang Securities, both Hanyang Securities and Hanyang Securities Preferred Shares (preferred stock) have shown a sharp rise despite the stock market's steep decline on the 5th.
As of 9:43 AM that day, Hanyang Securities was trading at 17,200 KRW, up 10.40% compared to last week's closing price. Shortly after the market opened, it rose to 19,100 KRW, setting a new 52-week high.
Hanyang Securities Preferred Shares recorded 4,310 KRW, up 29.99% from the previous session. From the early trading hours, it hit the upper limit price, breaking the 52-week high.
On the 2nd, Hanyang Securities announced that Hanyang Academy and its affiliated companies, Baeknam Tourism and HBDC, selected KCGI as the preferred bidder and LF as the secondary bidder for the sale.
The shares for sale include 3,766,973 common shares (29.6% stake), with a total sale amount of 244,853,245,000 KRW.
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