Sambootogeon Shares Soar 10% Amid 'Stake Sale Rumors'... Surging for Second Day
[Asia Economy Reporter Lee Jung-yoon] Sambutogeon, which has been rumored to be selling its largest shareholder stake, surged more than 10% during trading on the 9th, showing a two-day consecutive rise.
As of 10:19 a.m. on the same day, Sambutogeon was trading at 2,465 won on the KOSPI market, up 10.4% (225 won) from the previous day.
This sharp rise was triggered by reports that major shareholders, including Hurim Robot, decided to sell 25% of Sambutogeon's shares. The Korea Exchange KOSPI Market Headquarters requested an inquiry disclosure regarding the report, and Sambutogeon stated in a disclosure, "After confirming with our largest shareholder Hurim Robot, etc., there is a fact that they are promoting the sale of shares, but nothing has been specifically finalized."
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Amid the rumors of share sales, Sambutogeon’s stock price rose 29.86%, close to the daily limit (30%) based on the previous day's closing price, reaching 2,240 won.
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