[Featured Stock] Emro Rises on News of Samsung SDS Acquisition
Supply chain management software specialist Emro has been on the rise for two consecutive days following news of its acquisition by Samsung SDS.
As of 9:09 AM on the 16th, Emro is trading at 39,250 KRW, up 29.97% compared to the previous trading day. The day before, Emro also closed at the upper price limit.
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The consecutive strength in Emro's stock appears to be due to its acquisition by Samsung SDS. Emro announced the day before that its largest shareholder would change from the existing Song Jaemin and two others to Samsung SDS. This is based on a contract for Samsung SDS to acquire 3,744,064 shares held by Song Jaemin and two others for 111.8 billion KRW. The scheduled date for the change of the largest shareholder is May 31.
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