Bloomberg News

South Korea Equity Movers: CJ CGV Falls, Kumho Industrial Climbs

February 13, 2012

Feb. 13 (Bloomberg) -- Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 10:18 a.m. in Seoul.

The Kospi index rose 3.89, or 0.2 percent, to 1,997.60.

CJ CGV Co. (079160 KS), which operates movie theaters, dropped 1.2 percent to 25,600 won, after posting a net loss for the fourth quarter. Shinhan Investment Corp. cut its share-price estimate to 33,000 won, while Woori Investment & Securities reduced its price target to 32,000 won.

Kumho Industrial Co. (002990 KS), a South Korean builder, rallied 6.7 percent to 8,310 won. Kumho Industrial creditors are seeking a 220 billion won ($196 million) sale of new shares to Kumho Asiana Group Chairman Park Sam Koo, MoneyToday reported, citing unidentified creditor and group officials. Officials at Kumho Industrial’s public relations team declined to comment on the report.

--Editor: Darren Boey

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus