[Market Feature] APR Shares Rise 6% on New Business Expansion and Entry into India

APR's stock price is on the rise following news that the company is expanding into new businesses, such as medical devices, and making a full-scale entry into the Indian market.

As of 9:17 a.m. on March 17, APR was trading at 348,500 won, up 20,000 won (6.09%) from the previous trading day.

APR plans to launch a new energy-based device (EBD) medical device within this year. In addition, the company will pursue an amendment to its articles of incorporation to add new business purposes, including medical devices, at the upcoming shareholders' meeting scheduled for March 31.

On the previous day, APR also announced that it had signed a strategic partnership to sell its flagship beauty brand 'Medicube' products on Nykaa, India's largest beauty platform.

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