[Featured Stock] "Rises Again Today" ShillaJen Up for 3 Consecutive Trading Days
![[Featured Stock] "Rises Again Today" ShillaJen Up for 3 Consecutive Trading Days](http://www.asiae.co.kr/news/img_view.htm?img=2022092009330738718_1663633987.jpg)
[Asia Economy Reporter Minji Lee] SillaJen, which was released from trading suspension, has been on the rise for three consecutive trading days.
At 9:42 a.m. on the 17th, SillaJen was traded at 14,750 KRW, up 4.61% from the previous trading day. On that day, the company's stock price soared to 16,550 KRW during the session, maintaining an upward trend for three consecutive trading days.
SillaJen resumed trading on the 13th after the Korea Exchange decided to maintain its listing on the 12th. Once the trading suspension was lifted, buying demand surged sharply, and the stock hit the upper limit price for two consecutive trading days on the 13th and 14th. Trading volume exceeded 30 million shares on the 13th and recorded 12 million shares on the 14th.
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SillaJen's stock trading was suspended due to embezzlement and breach of trust allegations involving former CEO Moon Eun-sang, the largest shareholder as of May 2020, and other executives. At that time, the closing price was 12,100 KRW.
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