[Featured Stock] Binggrae Surges for Second Day Following Acquisition of Haitai Ice Cream
[Asia Economy Reporter Geum Bo-ryeong] Binggrae has been soaring for two consecutive days following news that it will acquire Haitai Confectionery & Foods' ice cream business.
At 9:09 AM on the 2nd, Binggrae was trading at 75,200 KRW, up 20.13% (12,600 KRW) from the previous trading day. The stock had hit the upper limit the day before.
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On the 31st of last month, Binggrae announced that it decided to acquire 100% (1 million shares) of Haitai Ice Cream, a subsidiary of Haitai Confectionery & Foods, for 140 billion KRW.
This content was produced with the assistance of AI translation services.
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