South Korea Stocks: BS Financial Group, Green Cross, Lock & Lock
Stock Chart for Green Cross Holdings Corp (005250)
Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 9:26 a.m., unless stated otherwise. The Kospi Index (KOSPI) rose 32.97, or 1.8 percent, to 1,862.47.
BS Financial Group (138930 KS) jumped 7.7 percent to 13,250 won. Busan bank is seeking to sell about 6.7 million shares of the financial service provider at 11,450 won to 12,300 won a share, according to Bloomberg data.
Green Cross Holdings Corp. (005250) (005250 KS) rose 6.1 percent to 18,250 won. Hyundai Motor Group is in talks to buy the company’s life insurance unit, the Maeil Business Newspaper reported. Green Cross and Hyundai Motor haven’t responded to the stock exchange’s request to provide clarification on the report.
Hyundai Engineering & Construction Co. (000720 KS) gained 4.1 percent to 71,900 won. The company received a $1.46 billion order to build a power plant in Vietnam, according to a regulatory filing.
Lock & Lock Co. (115390 KS) plunged 15 percent to 32,300 won. The food container maker plans to sell 5 million new shares to raise 143.5 billion won, according to a regulatory filing.
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