[Stock in Focus] Mason Capital, Acquired by Leadcorp, Surges Over 27%

The stock price of Mason Capital, a specialized credit finance company being acquired by the loan company Leadcorp, is soaring.

As of 9:42 a.m. on May 13, Mason Capital was trading at 414 won, up 89 won (27.38%) from the previous trading day. The stock also hit the upper price limit during the session.

The previous day, Leadcorp announced through a regulatory filing that it had signed a stock purchase agreement to acquire 47.3% of Mason Capital's common shares in order to secure management control. The purpose of the acquisition is to diversify its business and secure future growth engines. Mason Capital plans to participate as a major shareholder in Sosobank, which Leadcorp and others are promoting with the goal of obtaining a license for the fourth internet-only bank.

A Leadcorp official expressed optimism, stating, "If we provide innovative financial services, not only will Mason Capital's corporate value increase, but Leadcorp's future growth potential will also rise significantly."