Unison of South Korea Jumps by Daily Limit on Toshiba’s Investment Plan

Unison Co. jumped by the daily limit in Seoul trading after Toshiba Corp. (6502) said it agreed to acquire 40 billion won of convertible bonds in the South Korean company to enter the wind power business. Unison surged 15 percent to 5,310 won as of 9:15 a.m. on the Korea Exchange. The benchmark Kospi Index fell 0.3 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.