[Featured Stock] Hanjin Kal Rises on Announcement of Bando Construction Management Participation

[Asia Economy Reporter Geum Boryeong] Hanjin KAL is showing strong performance in the early trading session on the 13th due to Bando Construction's declaration of management participation.

As of 9:21 AM, Hanjin KAL recorded 43,800 KRW, up 5.04% (2,100 KRW) from the previous close. At the same time, Hanjin KAL Preferred also rose 18.8% (11,300 KRW) from the previous day, trading at 71,400 KRW.

This is analyzed to be influenced by the change in Bando Construction's purpose of purchasing Hanjin KAL shares, centered on Daehodevelopment, to management participation. Daehodevelopment announced after the market closed on the 10th that it increased its stake in Hanjin KAL from 6.28% to 8.28%. The purpose of holding shares was also changed from simple investment to management participation. Daehodevelopment is a subsidiary of Bando Construction.

This content was produced with the assistance of AI translation services.