[Featured Stock] Doosan Enerbility Drops 6% on Block Deal with Doosan Co., Ltd.

[Asia Economy Reporter Kwon Jae-hee] Doosan Enerbility's stock price recorded a sharp drop of over 6% in early trading on the 31st. The news that Doosan Group's holding company Doosan Co., Ltd. conducted a block deal (large-scale off-hours sale) of 4.5% of Doosan Enerbility's shares is believed to have driven the stock price down.

At 9:32 a.m. on the Korea Exchange, Doosan Enerbility was trading at 20,350 KRW, down 6.22% from the previous trading day. The stock price fell to as low as 20,050 KRW, down 7.6%, before slightly recovering.

Doosan Co., Ltd. announced before the market opened that it had disposed of 28.54 million shares of Doosan Enerbility it owned at a price of 20,050 KRW per share, which is a 7.6% discount compared to the previous day's closing price of 21,700 KRW.

The disposal amount is approximately 572.2 billion KRW.

After the share sale, Doosan Co., Ltd.'s stake in Doosan Enerbility stands at 30.5%.

Doosan Co., Ltd. stated, "We will secure cash liquidity to proactively respond to global economic uncertainties and financial market volatility," and added, "There are no plans for additional sales of Doosan Enerbility shares."

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