[Featured Stock] YTN Acquired by Yujin Group, Soars to Upper Limit
![[Featured Stock] YTN Acquired by Yujin Group, Soars to Upper Limit](http://www.asiae.co.kr/news/img_view.htm?img=2023032709413167249_1679877691.jpg)
Yujin Group's decision to acquire YTN sent YTN's stock price soaring to the upper limit.
As of 9:34 a.m. on the 24th, YTN's stock price hit the upper limit, reaching 7,800 won. Yujin Enterprise traded at 4,285 won, up 21.73%.
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According to the investment banking (IB) industry, the day before, KEPCO KDN and Korea Racing Authority, the sellers of YTN, selected Yujin Enterprise as the final successful bidder with a bid price of 319.9 billion won. The YTN shares for sale this time amount to a combined 30.95%, with KEPCO KDN holding 21.43% and Korea Racing Authority holding 9.52%. Once the procedures are completed, Yujin Group will become the largest shareholder of YTN.
This content was produced with the assistance of AI translation services.
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