[Featured Stock] Daewoo Shipbuilding & Marine Engineering Soars Up to 11% Intraday Amid Hanwha Sale Rumors
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[Asia Economy Reporter Kwon Jae-hee] Daewoo Shipbuilding & Marine Engineering is showing a strong gain of over 5% following news of its sale to Hanwha.
As of 10:51 AM on the 26th, Daewoo Shipbuilding & Marine Engineering is trading at 23,150 KRW on the KOSPI market, up 5.23% compared to the previous trading day. During the session, the stock rose as much as 11.82% to 24,600 KRW before giving up some of the gains.
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On the same day, the Ministry of Economy and Finance, the Ministry of Trade, Industry and Energy, and the Financial Services Commission held a meeting of ministers related to strengthening industrial competitiveness at the Export-Import Bank in Yeouido to discuss the handling plan for Daewoo Shipbuilding & Marine Engineering. It is reported that at this meeting, Kang Seok-hoon, chairman of the Korea Development Bank, presented a proposal on the handling direction of Daewoo Shipbuilding, including the option to sell it to Hanwha Group.
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