[Featured Stock] Doosan Solus Rises on Possible Stake Sale by Doosan Group

Published 08 Apr.2020 10:27(KST)

[Asia Economy Reporter Eunmo Koo] Doosan Solus is soaring. This is interpreted as a result of the plan to sell Doosan Solus shares emerging as one of Doosan Group's self-help measures.

As of 10:25 AM on the 8th, Doosan Solus was trading at 27,800 KRW, up 15.11% (3,650 KRW) compared to the previous trading day.

According to financial and business circles on the day, Doosan Group is considering selling its shares in Doosan Solus, which focuses on electronic and bio-material businesses. Doosan Solus is 61% owned by Doosan (17%) and special related parties including Doosan Group Chairman Park Jung-won and other major shareholders (44%). In the market, there are rumors that a plan is underway to transfer more than 51% of the Doosan Solus shares held by Doosan and special related parties.