[Featured Stock] BL PharmTech Rises on Distribution Agreement News with France's Leclerc
BL PharmTech is showing strong performance in the early trading session. The news of a business agreement with the major French retail group Leclerc is interpreted as boosting investor sentiment.
As of 9:04 AM on the 19th, BL PharmTech is trading at 1,823 KRW, up 13.23% (213 KRW) compared to the previous day.
Earlier, on the 18th, BL PharmTech announced that it had signed a distribution agreement with Leclerc to sell 'Mr. Min' ramen in 700 stores across Europe. Leclerc is the largest retail group in France, with a market share exceeding 22%.
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Park Young-chul, chairman of BL PharmTech, stated, "This contract will serve as a catalyst for expanding into the European market following the initial export deal worth 3 billion KRW on the 12th," adding, "Mr. Min will become a representative brand of European 'K-Food'."
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