Harim's stock price slumps due to 'failure of acquisition of HMM'
Kim Jisun
stockmk2020@alphabiz.co.kr | 2024-04-29 02:00:27
View of Harim Group office building in Gangnam-gu, Seoul. (Photo=harim)
[Alpha Biz= Reporter Kim Jisun] Shares are also struggling as Harim Group failed to acquire HMM management rights.
According to the Korea Exchange on the 28th, Harim closed at 3,000 won, down 45 won (1.48%) from the previous trading day on the 26th. Compared to the 52-week report price (6,300 won) on December 21 last year, it is 52.38% missing.
Harim shares hit the upper limit for the second consecutive trading day since December 19 last year when news broke that it was selected as the preferred bidder for the transfer of HMM management rights. However, two months later, when the stock trading negotiations broke down due to some differences, it plunged more than 16% in one day on February 7. Since then, stock prices have been sluggish, falling below 3,000 won.
On the other hand, Pan Ocean, a Harim affiliate that has relieved the burden of capital increase to raise funds for the acquisition, has regained its original level of stock prices.
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