[Special Stock] MP Hangang Hits Upper Limit on Expectations of MP Group's Financial Improvement
[Asia Economy Reporter Geum Bo-ryeong] As MP Group showed signs of financial improvement, MP Hangang hit the upper price limit on the 15th.
At 9:38 AM that day, MP Hangang rose 30% (228 won) from the previous close to 988 won.
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On the 12th, MP Group announced that it had selected Samil Accounting Corporation as the sales agent for mergers and acquisitions (M&A) aimed at securing liquidity and improving corporate governance through a board resolution. MP Group's stock trading has been suspended due to embezzlement and breach of trust charges against the major shareholder. MP Hangang, a subsidiary of MP Group, is responsible for distributing makeup brands such as 'Kiss Me' and 'Canmake'.
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