[Featured Stock] Ssangbangwool Affiliates Soar Amid Ssangyong Motor Acquisition Push

[Asia Economy Reporter Kwon Jae-hee] Related stocks, including Ssangbangwool, are showing a sharp rise following news that Gwanglim is pursuing the acquisition of Ssangyong Motor.

Gwanglim and Ssangbangwool, affiliates of the Ssangbangwool Group, hit the daily upper limit on the 1st. As of 9:34 AM, Gwanglim was trading at 3,510 KRW, up 30% from the previous trading day, and Ssangbangwool was trading at 1,010 KRW, up 29.49%.

Vivian, where Ssangbangwool is the largest shareholder, is trading at 3,125 KRW, up 14.05%.

Other affiliates of the Ssangbangwool Group are also rising sharply. IOK is trading at 1,440 KRW, up 16.60% from the previous trading day, Mirae Industry is trading at 16,550 KRW, up 14.53%, and Nanos is up 21.33% at 4,750 KRW.

The previous day, the Ssangbangwool Group announced that it is actively considering the acquisition of Ssangyong Motor, centered on Gwanglim, a special-purpose vehicle manufacturer.

Meanwhile, the Korea Exchange KOSDAQ Market Headquarters requested Gwanglim to disclose whether the report on the acquisition of Ssangyong Motor is true and to provide specific details.

The deadline for the response is 6 PM on the same day.