[Featured Stock] Youngone Corporation Rises 8% on News of Treasury Stock Acquisition
Youngone Corporation is showing strength following news of its plan to acquire treasury shares worth 50 billion KRW.
As of 1:54 PM on the 11th, Youngone Corporation is trading at 35,300 KRW, up 8.62% (2,800 KRW) from the previous trading day.
Youngone Corporation announced that it signed a trust contract with Shinhan Investment Corp. to acquire treasury shares worth 50 billion KRW to enhance shareholder value through stock price stabilization. The contract period is from the 10th of this month to December 10th.
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Youngone Corporation is an original equipment manufacturer (OEM) for global outdoor brands such as The North Face and Lululemon. It has 50 affiliates, including Youngone Outdoor and Scott North Asia.
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