[Special Stock] Isu Petasys Surges on Rumors of Giving Up Acquisition of J.O

Isu Petasys surged on the 3rd after stating "undecided" instead of denying reports of abandoning the acquisition of J.O.

As of 3:18 PM that day, Isu Petasys was trading at 26,200 KRW, up 5,100 KRW (24.17%) from the previous session.

The trading volume exceeded 16 times that of the previous session, with a trading value of approximately 574.2 billion KRW.

The stock opened at 23,100 KRW that day but expanded its gains during the session, surpassing 26,000 KRW.

The weight of the abandonment speculation increased as Isu Petasys announced "undecided" rather than denying the report that it would abandon the acquisition of J.O., a carbon nanotube (CNT) manufacturing company.

Following the Financial Supervisory Service's halt on Isu Petasys's rights offering and the raised possibility that the J.O. acquisition, the main purpose of this rights offering, might fail, market investment sentiment is observed to have improved.