[Special Stock] 'Subsidiary of Chinese Medical Corporation Holding Company Inclusion' Hits Upper Limit for Two Consecutive Days

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] East Asia Holdings has recorded the upper price limit for two consecutive days following news that it incorporated Grand Imperior International Group, which owns medical corporations in China, as a subsidiary.

On the 14th, East Asia Holdings surged 29.96% from the market opening to 308 KRW on the KOSDAQ market, hitting the upper price limit. The company also closed up 29.51% compared to the previous day.

This is interpreted as a result of the announcement on the 12th that the company acquired a 51% stake in Grand Imperior International Group, incorporating it as a subsidiary.

Grand Imperior International Group is a holding company established in the Virgin Islands and owns two medical corporations in China.

Meanwhile, East Asia Holdings, a holding company established in Hong Kong, owns subsidiaries and sub-subsidiaries including Shengpanfu Gengxian Qiuzhe Sports Goods Co., Ltd. and Dong-A Sports Goods Co., Ltd., which produce and sell sports shoes and apparel, Tianzhou Xindong-A Shoe Manufacturing Co., Ltd. (land use rights and building lease), and East Asia Medical Management Co., Ltd.

This content was produced with the assistance of AI translation services.