[Hot Stock] Nexon GT Soars 20% on Parent Company's Bithumb Acquisition Rumors, Then Drops to 5% Range
[Asia Economy Reporter Oh Ju-yeon] On the 8th, Nexon GT's stock price, which surged more than 20% immediately after the market opened, later gave up most of the gains, shrinking the increase rate to the 5% range.
On that day, Nexon GT started at 16,300 KRW, up 21.19% from the previous trading day, following news that its parent company Nexon, together with Vidente, was considering acquiring the cryptocurrency exchange Bithumb. During the session, the stock price rose as much as 24.54%, creating a strong surge, but the gain significantly decreased afterward due to reports clarifying the acquisition rumors.
Vidente, mentioned as a co-acquirer with Nexon, stated in a disclosure on the same day, "Nexon Group and Vidente have not discussed or proceeded with a joint acquisition of management rights of Bithumb Korea (Bithumb)."
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As of 2:50 PM that day, Nexon GT was trading at 14,150 KRW, up 5.20% from the previous trading day.
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