[Featured Stock] STX Junggong Industry Hits Upper Limit on Physical Division of Renewable Energy Business
[Asia Economy Reporter Park So-yeon] STX Heavy Industries recorded a limit-up after deciding to spin off its hydrogen, fuel cell, and renewable energy business divisions into a new company tentatively named STX Energy Solutions.
As of 9:45 a.m. on the 22nd, STX Heavy Industries was trading on the KOSPI market at 5,030 KRW, up 1,155 KRW (29.81%) from the previous trading day. STX was also trading at 6,990 KRW, up 1,360 KRW (24.16%).
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On the 19th, STX Heavy Industries announced that it would spin off its hydrogen, fuel cell, and renewable energy business divisions through a simple physical division method, establishing STX Energy Solutions. The division date is set for June 1.
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