[Featured Stock] Dongwon Industries Rises 4.98% on 'Dual Listing Resolution'

The stock price of Dongwon Industries, expected to secure growth potential and enhance corporate value through a comprehensive stock swap with its subsidiary Dongwon F&B, is on the rise on the 17th.

As of 10:44 AM on the day, Dongwon Industries was trading at 44,300 KRW, up 2,100 KRW (4.98%) from the previous trading day.

Heungkuk Securities has raised the target price for Dongwon Industries from 46,000 KRW to 55,000 KRW, maintaining a buy rating.

Jongryeol Park, a researcher at Heungkuk Securities, evaluated, "Dongwon Industries' plan to make its subsidiary Dongwon F&B a 100% subsidiary through a comprehensive stock swap is very positive in terms of securing growth potential and enhancing corporate value."

Researcher Park added, "The comprehensive stock swap offers advantages such as resolving dual listings, continuing to expand shareholder returns, and increasing the number of circulating shares," and stated, "They plan to maximize synergy by newly operating the businesses previously conducted by each company unit according to business areas and functions."