[Hot Stock] Doosan Infracore Surges on Possibility of Hyundai Heavy Industries Acquisition
![[Hot Stock] Doosan Infracore Surges on Possibility of Hyundai Heavy Industries Acquisition](http://www.asiae.co.kr/news/img_view.htm?img=2020050407510117378_1588546261.jpg)
[Asia Economy Reporter Koo Eun-mo] Doosan Infracore is experiencing a sharp rise. It appears that news of Hyundai Heavy Industries Group's acquisition efforts is having an impact.
As of 11:11 AM on the 7th, Doosan Infracore was trading at 8,050 KRW, up 8.06% (600 KRW) compared to the previous trading day.
According to related industry sources, Hyundai Heavy Industries Group is reportedly consulting with the law firm Taepyungyang to decide whether to participate in the acquisition battle for Doosan Infracore. It is analyzed that adding Doosan Infracore to Hyundai Construction Equipment would instantly increase market share and brand recognition in the domestic and international excavator markets.
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Meanwhile, on the same day, the Korea Exchange requested an inquiry disclosure from Hyundai Heavy Industries Holdings regarding reports of the acquisition efforts for Doosan Infracore. The deadline for a response is by 6 PM on the same day.
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