[Alpha Biz=(Chicago) Reporter Kim Jisun] Harim's stock price has soared for a second day on expectations of acquiring HMM, the nation's largest container carrier. While Harim Group has been selected as the preferred bidder for the sale of HMM management rights, it is interpreted that the stock market has accepted it as a favorable factor.

According to the Korea Exchange on the 21st, Harim's stock price is trading at 4,725 won, up 959 won (25.17%) from the previous trading day. Harim's stock price has been strong for two consecutive days since hitting the upper limit the previous day. In addition, Harim Holdings and HMM, which are related to Harim Group, are rising 1.13% and 4.61%, respectively.

However, the stock price of Pan Ocean, which raises funds for the acquisition, is falling 3.79% as the risk of paid-in capital increase is highlighted.

On the 18th, Korea Development Bank selected Harim Group and JKL Partners Consortium as preferred bidders for the sale of HMM. HMM was managed by creditors such as KDB due to the liquidity crisis in 2016 and will face a new owner for the first time in seven years.

Pan Ocean, a subsidiary of Harim Group, will take part in the acquisition of HMM. Bulk shipping company Pan Ocean was acquired by Harim Group in 2015 and holds a 54.72% stake.

 

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