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Daewoo E&C shares rise on reports of merger talks
Posted : 2021-04-20 16:55
SkyLake Investment expected to bid for Daewoo E&C s acquisition
By Anna J. Park
Daewoo Engineering & Construction shares closed up over 5 percent Tuesday on news that the builder is again up for sale.
Daewoo E&C finished at 7,210 won ($6.48), up 5.1 percent from the previous session. Foreign as well as institutional investors were behind the buying spree, as retail investors were net sellers. The stock price touched a 52-week high of 7,250 won briefly at around noon. But the stock edged down to finish at 7,210 won. With the price surge, the market cap of the construction company founded back in 1973 rose to 2.99 trillion won.
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'박삼구 증거인멸교사' 금호 전 임원 재판 공전…검찰 "지연의도" 반발 : 사회일반 : 사회 : 뉴스 : 한겨레 hani.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hani.co.kr Daily Mail and Mail on Sunday newspapers.