[Featured Stock] Alline's 'Activist Effect' Coway Hits 52-Week High
![[Featured Stock] Alline's 'Activist Effect' Coway Hits 52-Week High](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
Coway is on the rise on the 17th amid expectations following activist fund Align Partners' demands for improvements in shareholder return policies.
As of 10:02 AM today, Coway is trading on the KOSPI market at 80,300 KRW, up 3,200 KRW (4.15%) from the previous close.
The stock opened at 76,400 KRW and surged to 81,500 KRW during the session, setting a new high.
Align Partners sent an open shareholder letter yesterday demanding improvements in shareholder return policies and measures to enhance board independence.
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Specifically, Align plans to conduct a public campaign targeting Coway's board to increase shareholder value. Align holds 2.8% (2,098,136 shares) of Coway's total issued shares through funds it manages and advises.
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