[Featured Stock] POSCO M-Tech Surges on Supply Contract with Major Shareholder

Posco M-Tech is soaring on news of a large-scale supply contract with its largest shareholder.

As of 9:28 AM on the 10th, Posco M-Tech is trading at 14,520 KRW, up 1,700 KRW (13.26%) from the previous day.

After the market closed the previous day, Posco M-Tech announced that it had signed an outsourcing contract for product packaging at the Pohang and Gwangyang steelworks with its largest shareholder, Posco. The contract amount is 173.2 billion KRW, which accounts for 50.7% of Posco M-Tech's 2023 sales.