[Featured Stock] Douzone Bizon Rises 8% on News of 50 Billion KRW Treasury Stock Acquisition

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[Asia Economy Reporter Lee Myunghwan] Duzon Bizon is showing strong performance with an over 8% rise in early trading on the 16th. This is attributed to the news of acquiring treasury shares worth 50 billion KRW announced the previous day.

As of 9:45 AM on the day, Duzon Bizon is trading at 33,100 KRW, up 8.17% (2,500 KRW) compared to the previous trading day.

The day before, Duzon Bizon disclosed that it would acquire treasury shares worth 50 billion KRW through on-market purchases to enhance shareholder value. Accordingly, the company plans to acquire 1,564,945 common shares from the 16th to September 15th.

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