[Featured Stock] Cheongdam Learning Anticipates Merger with CMS ETU
On the 29th, when the KOSPI started lower due to fears of the Omicron variant of COVID-19, a view of the Hana Bank dealing room in Jung-gu, Seoul. On that day, the KOSPI opened at 2,906.15, down 30.29 points (1.03%↓). The won-dollar exchange rate opened at 1,195.5 won, up 2.2 won. Photo by Kim Hyun-min kimhyun81@
View original image[Asia Economy Reporter Hwang Junho] Cheongdam Learning and CMS Edu are showing strong performance in the stock market on the 1st. This appears to be due to increased expectations regarding the merger of the two companies.
As of 1:51 PM on the 30th, Cheongdam Learning is trading at 39,800 KRW, up 15.36% compared to the previous trading day. At the same time, CMS Edu is recording a 3.91% increase at 7,710 KRW.
The two companies announced after the market closed on the 29th that they had agreed to merge. Cheongdam Learning will absorb CMS Edu with a ratio of 1 to 0.2157241.
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Lee Seunghoon, a researcher at IBK Investment & Securities, analyzed, “Through this merger, economies of scale will be realized, and the network effect of the metaverse platform is expected to be maximized.”
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