[Featured Stock] 'Merger Preliminary Review Passed' Yujin SPAC 4, Limit Up on First Day of Trading Resumption
[Asia Economy Reporter Ji Yeon-jin] Eugene SPAC 4 soared to the upper limit price early in trading on the 13th, the first day of resumed trading. This is interpreted as a result of passing the preliminary review for the merger listing with Pro Icheon of Eugene SPAC 5.
Eugene SPAC 4 recorded 6,000 KRW, up 29.87% compared to the previous trading day, just 8 minutes after the market opened. After the previous day's market close, the Korea Exchange KOSDAQ Market Headquarters announced that the absorption merger plan of Eugene SPAC 4 passed the preliminary listing review, and trading would resume. As a result, Eugene SPAC 5 and Eugene SPAC 6 were also trading up 10.76% and 12.09%, respectively, as of 9:55 AM that day compared to the previous day.
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Pro Icheon, a semiconductor and display inspection equipment system company, recorded sales of 28.8 billion KRW and operating profit of 2.6 billion KRW last year.
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